Barrow Hanley Mewhinney & Strauss LLC Buys 287,665 Shares of Darling Ingredients Inc. $DAR

Barrow Hanley Mewhinney & Strauss LLC raised its stake in Darling Ingredients Inc. (NYSE:DAR) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,122,104 shares of the company’s stock after purchasing an additional 287,665 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 3.24% of Darling Ingredients worth $158,119,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Darling Ingredients by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock valued at $240,058,000 after purchasing an additional 22,055 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Darling Ingredients by 1.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after purchasing an additional 35,309 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after purchasing an additional 1,320,817 shares in the last quarter. Norges Bank purchased a new position in shares of Darling Ingredients during the second quarter valued at approximately $74,041,000. Finally, Marshall Wace LLP boosted its position in shares of Darling Ingredients by 973.3% during the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after buying an additional 1,362,137 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the topic of several recent analyst reports. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Jefferies Financial Group reissued a “buy” rating and set a $66.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. Piper Sandler boosted their price target on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price objective on shares of Darling Ingredients in a research report on Friday, February 13th. Finally, Scotiabank reiterated an “outperform” rating and issued 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 assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.07% of the stock is currently owned by insiders.

Darling Ingredients Trading Up 1.2%

Shares of DAR stock opened at $52.54 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The firm has a market cap of $8.33 billion, a P/E ratio of 134.71, a PEG ratio of 0.54 and a beta of 1.24. The company has a 50 day moving average of $46.10 and a 200-day moving average of $37.90. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $54.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share 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.