Assenagon Asset Management S.A. Boosts Stock Holdings in Darling Ingredients Inc. $DAR

Assenagon Asset Management S.A. raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,153,113 shares of the company’s stock after purchasing an additional 20,351 shares during the quarter. Assenagon Asset Management S.A. owned 0.73% of Darling Ingredients worth $35,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised 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 worth $25,000 after buying an additional 561 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the period. Parallel Advisors LLC lifted its holdings in Darling Ingredients by 45.0% in the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after acquiring an additional 674 shares during the period. Hilltop National Bank acquired a new stake in Darling Ingredients in the second quarter valued at $106,000. Finally, GAMMA Investing LLC boosted its position in shares of Darling Ingredients by 43.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,959 shares of the company’s stock worth $112,000 after purchasing an additional 896 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Up 0.1%

Shares of DAR opened at $34.64 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $33.99 and a 200-day simple moving average of $33.82. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $42.15. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 51.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.56 billion during 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 2.39%. Darling Ingredients’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the subject of several recent analyst reports. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research note on Monday, November 3rd. Zacks Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Jefferies Financial Group upped their price target on Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 24th. TD Cowen raised Darling Ingredients from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $45.00 in a research note on Tuesday, December 2nd. Finally, Bank of America started coverage on Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.33.

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.