Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,666 shares of the company’s stock after acquiring an additional 971 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Darling Ingredients were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after purchasing an additional 232,583 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Darling Ingredients by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock valued at $199,028,000 after acquiring an additional 851,886 shares in the last quarter. Earnest Partners LLC boosted its stake in Darling Ingredients by 7.5% during the 1st quarter. Earnest Partners LLC now owns 3,359,095 shares of the company’s stock valued at $156,232,000 after acquiring an additional 234,907 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Darling Ingredients during the 4th quarter worth $92,661,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Robert W. Day purchased 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The shares were bought at an average cost of $39.37 per share, with a total value of $99,684.84. Following the completion of the acquisition, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Stock Down 2.4 %

DAR stock opened at $36.04 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The firm’s 50-day simple moving average is $37.98 and its 200 day simple moving average is $40.17. The stock has a market cap of $5.73 billion, a PE ratio of 10.79 and a beta of 1.24. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $53.32.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank cut their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Jefferies Financial Group reduced their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, June 12th. Finally, TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.10.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.