326,400 Shares in Darling Ingredients Inc. $DAR Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in Darling Ingredients Inc. (NYSE:DAR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 326,400 shares of the company’s stock, valued at approximately $10,076,000. Jupiter Asset Management Ltd. owned about 0.21% of Darling Ingredients as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp raised its position in shares of Darling Ingredients by 37.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock worth $51,000 after purchasing an additional 455 shares during the period. DAVENPORT & Co LLC grew its stake in Darling Ingredients by 0.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock worth $1,639,000 after buying an additional 460 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Darling Ingredients by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock worth $2,772,000 after buying an additional 514 shares during the period. AlphaQuest LLC lifted its stake in Darling Ingredients by 11.6% in the second quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock valued at $201,000 after buying an additional 550 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after buying an additional 561 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DAR shares. Piper Sandler increased their price objective 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. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. BMO Capital Markets boosted their price objective on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Trading Down 0.3%

Shares of NYSE:DAR opened at $51.61 on Friday. The company has a 50 day moving average of $41.87 and a 200-day moving average of $36.00. The company has a current ratio of 3.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.16 billion, a P/E ratio of 132.33, a P/E/G ratio of 0.56 and a beta of 1.27. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $52.88.

Darling Ingredients (NYSE:DAR) last posted 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 2.44%. As a group, analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.