PNC Financial Services Group Inc. Boosts Stock Position in Darling Ingredients Inc. (NYSE:DAR)

PNC Financial Services Group Inc. lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,450 shares of the company’s stock after purchasing an additional 706 shares during the period. PNC Financial Services Group Inc.’s holdings in Darling Ingredients were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DAR. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients in the fourth quarter worth about $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock valued at $62,000 after purchasing an additional 500 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after purchasing an additional 1,373 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock valued at $88,000 after purchasing an additional 468 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of DAR opened at $31.15 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a market capitalization of $4.93 billion, a P/E ratio of 47.20 and a beta of 1.19. The firm has a 50 day moving average of $35.26 and a 200 day moving average of $33.86.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DAR shares. Wall Street Zen upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Robert W. Baird reiterated a “neutral” rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Tudor Pickering upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group raised their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.86.

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.