Y Intercept Hong Kong Ltd Boosts Holdings in Darling Ingredients Inc. $DAR

Y Intercept Hong Kong Ltd lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 37.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,219 shares of the company’s stock after purchasing an additional 11,533 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Darling Ingredients were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAR. Hantz Financial Services Inc. increased its stake in 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. Sound Income Strategies LLC purchased a new stake in shares of Darling Ingredients during the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Darling Ingredients by 138.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after purchasing an additional 877 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in Darling Ingredients in the 3rd quarter valued at $65,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DAR. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Piper Sandler decreased their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $45.63.

Darling Ingredients Trading Down 0.5%

DAR opened at $45.65 on Friday. The stock has a market capitalization of $7.22 billion, a PE ratio of 68.14, a P/E/G ratio of 0.55 and a beta of 1.25. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.26. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The business’s 50 day moving average price is $37.85 and its 200 day moving average price is $34.44.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, February 5th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $1.40 billion during the quarter. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. As a group, equities research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.