Andra AP fonden Acquires New Stake in Darling Ingredients Inc. $DAR

Andra AP fonden purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,708 shares of the company’s stock, valued at approximately $1,874,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Darling Ingredients by 609.8% during the second 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 acquired a new stake in shares of Darling Ingredients during the third quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new position in Darling Ingredients during the third quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Darling Ingredients by 138.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after acquiring an additional 877 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DAR shares. Piper Sandler lifted their price target on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research note on Monday, November 3rd. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price objective on shares of Darling Ingredients in a research note on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating and set a $61.00 price objective on shares of Darling Ingredients in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Price Performance

NYSE DAR opened at $53.12 on Monday. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $53.71. The company has a 50 day moving average price of $43.64 and a two-hundred day moving average price of $36.85. The company has a quick ratio of 0.87, a current ratio of 3.86 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.40 billion, a PE ratio of 136.19, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. The business had revenue of $1.71 billion during the quarter. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Company 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.