Barings LLC Reduces Stock Holdings in Darling Ingredients Inc. $DAR

Barings LLC reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,457 shares of the company’s stock after selling 22,574 shares during the quarter. Barings LLC owned approximately 0.10% of Darling Ingredients worth $6,050,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in shares of Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Darling Ingredients in the first quarter worth about $30,000. Parallel Advisors LLC boosted its position in Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after acquiring an additional 674 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $106,000. Finally, GAMMA Investing LLC raised its position in shares of Darling Ingredients by 43.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,959 shares of the company’s stock worth $112,000 after acquiring an additional 896 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DAR shares. UBS Group set a $50.00 price target on Darling Ingredients in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Zacks Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Piper Sandler lowered their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.11.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $33.33 on Friday. The business has a fifty day moving average price of $32.36 and a 200-day moving average price of $33.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The company has a market capitalization of $5.27 billion, a PE ratio of 49.74, a PEG ratio of 2.35 and a beta of 1.30. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $42.28.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. As a group, equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.