Brown Brothers Harriman & Co. Buys 35,595 Shares of Darling Ingredients Inc. $DAR

Brown Brothers Harriman & Co. grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,546,291 shares of the company’s stock after purchasing an additional 35,595 shares during the quarter. Brown Brothers Harriman & Co. owned about 0.98% of Darling Ingredients worth $47,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DAR. Dimensional Fund Advisors LP boosted its holdings in Darling Ingredients by 0.3% in 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 during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Darling Ingredients by 6.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after purchasing an additional 287,665 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its position 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 buying an additional 35,309 shares in the last quarter. Frontier Capital Management Co. LLC raised its position 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 worth $126,092,000 after buying an additional 1,320,817 shares in the last quarter. Finally, Norges Bank bought a new stake in Darling Ingredients during the second quarter valued at $74,041,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DAR. Scotiabank restated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a research note on Tuesday, February 17th. Robert W. Baird set a $64.00 price objective on shares of Darling Ingredients in a research report on Friday, February 13th. BMO Capital Markets upped their price objective on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 price objective on shares of Darling Ingredients in a report on Friday, February 13th. Finally, Piper Sandler lifted their price objective on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $55.60.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Stock Down 2.9%

DAR opened at $54.72 on Friday. The firm’s 50 day simple moving average is $47.23 and its two-hundred day simple moving average is $38.28. The company has a market capitalization of $8.68 billion, a PE ratio of 140.31, a PEG ratio of 0.44 and a beta of 1.24. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $57.35. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The company had revenue of $1.71 billion during the quarter. As a group, equities analysts forecast 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.