Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Harrington Investments INC

Harrington Investments INC raised its position in Darling Ingredients Inc. (NYSE:DAR) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,424 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Harrington Investments INC’s holdings in Darling Ingredients were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jennison Associates LLC lifted its holdings in Darling Ingredients by 55.0% during the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock worth $72,683,000 after buying an additional 554,512 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Darling Ingredients by 34.8% in the 1st quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock valued at $5,340,000 after buying an additional 29,660 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Darling Ingredients by 15.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock worth $79,499,000 after buying an additional 213,763 shares during the period. Overbrook Management Corp raised its holdings in Darling Ingredients by 16.1% in the first quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock valued at $11,514,000 after acquiring an additional 34,300 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in Darling Ingredients in the first quarter worth approximately $1,462,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on DAR. Scotiabank cut their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. TD Cowen cut their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday. Finally, Jefferies Financial Group cut their price objective on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.70.

Darling Ingredients Stock Down 0.6 %

DAR stock opened at $36.74 on Tuesday. The stock has a market capitalization of $5.87 billion, a PE ratio of 11.00 and a beta of 1.24. The company has a fifty day moving average of $37.63 and a 200-day moving average of $39.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The firm’s revenue was down 17.2% compared to the same quarter last year. As a group, analysts expect that Darling Ingredients Inc. will post 2.26 EPS for the current year.

Insider Activity at Darling Ingredients

In other news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the transaction, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.