Darling Ingredients Inc. (NYSE:DAR) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Darling Ingredients Inc. (NYSE:DAR) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,739,621 shares of the company’s stock after purchasing an additional 36,618 shares during the quarter. Geode Capital Management LLC’s holdings in Darling Ingredients were worth $101,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAR. GAMMA Investing LLC increased its position in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC boosted its stake in Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. grew its position in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Darling Ingredients during the 3rd quarter valued at $58,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Down 4.6 %

Shares of Darling Ingredients stock opened at $33.69 on Thursday. The stock has a 50 day moving average price of $38.78 and a two-hundred day moving average price of $37.90. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.12. The stock has a market capitalization of $5.36 billion, a P/E ratio of 20.80 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Equities analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the topic of several recent analyst reports. TD Cowen dropped their price target 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. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.44.

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.