Darling Ingredients Inc. $DAR Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,114,704 shares of the company’s stock after purchasing an additional 15,305 shares during the period. Charles Schwab Investment Management Inc. owned about 0.70% of Darling Ingredients worth $34,823,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Darling Ingredients in the first quarter worth approximately $30,000. Hexagon Capital Partners LLC increased its position in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after acquiring an additional 500 shares in the last quarter. UMB Bank n.a. increased its position in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after acquiring an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

DAR stock opened at $30.99 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The stock has a market cap of $4.90 billion, a P/E ratio of 46.96 and a beta of 1.19. The firm has a 50 day simple moving average of $35.25 and a 200 day simple moving average of $33.79. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49.

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

Analyst Ratings Changes

DAR has been the topic of several analyst reports. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Piper Sandler dropped their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, July 28th. 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. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.86.

About Darling Ingredients

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.