Darling Ingredients Inc. $DAR Stock Holdings Decreased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,757 shares of the company’s stock after selling 10,351 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Darling Ingredients were worth $1,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. ASR Vermogensbeheer N.V. boosted its stake in shares of Darling Ingredients by 7.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after buying an additional 38,855 shares during the period. Ninety One UK Ltd purchased a new stake in shares of Darling Ingredients during the third quarter worth $12,484,000. NFC Investments LLC raised its holdings in shares of Darling Ingredients by 7.8% during the second quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock worth $18,134,000 after acquiring an additional 34,388 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Darling Ingredients by 440.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,130 shares of the company’s stock valued at $1,825,000 after purchasing an additional 48,186 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Darling Ingredients by 37.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,219 shares of the company’s stock valued at $1,303,000 after purchasing an additional 11,533 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Scotiabank reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Darling Ingredients in a research report on Tuesday, February 17th. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research note on Monday, November 3rd. Finally, TD Cowen increased their price target on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Stock Up 0.7%

DAR stock opened at $53.03 on Thursday. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 135.97, a price-to-earnings-growth ratio of 0.54 and a beta of 1.27. The company has a 50-day moving average of $42.90 and a two-hundred day moving average of $36.50. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $53.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.86 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%.The business had revenue of $1.71 billion during the quarter. As a group, equities research analysts anticipate 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.