Intech Investment Management LLC Increases Position in Darling Ingredients Inc. $DAR

Intech Investment Management LLC raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1,016.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,100 shares of the company’s stock after purchasing an additional 148,493 shares during the period. Intech Investment Management LLC owned 0.10% of Darling Ingredients worth $5,035,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DAR. Hantz Financial Services Inc. grew its stake in shares of Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after buying an additional 561 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Darling Ingredients in the third quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after acquiring an additional 886 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Darling Ingredients by 138.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after acquiring an additional 877 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird set a $64.00 price objective on shares of Darling Ingredients in a research report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a research note on Tuesday, February 17th. BMO Capital Markets raised their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, TD Cowen upped their price objective on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Trading Up 0.3%

Shares of DAR stock opened at $53.12 on Friday. The company has a current ratio of 3.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $53.71. The stock has a market capitalization of $8.40 billion, a P/E ratio of 136.19, a P/E/G ratio of 0.55 and a beta of 1.27. The firm’s 50 day moving average is $43.64 and its 200 day moving average is $36.81.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%.The firm had revenue of $1.71 billion for the quarter. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

About Darling Ingredients

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.