Darling Ingredients Inc. $DAR Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 18.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 13,613 shares of the company’s stock after purchasing an additional 2,163 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Darling Ingredients were worth $516,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after purchasing an additional 73,925 shares during the last quarter. Maven Securities LTD lifted its position in shares of Darling Ingredients by 328.9% during the 1st quarter. Maven Securities LTD now owns 32,168 shares of the company’s stock valued at $1,005,000 after acquiring an additional 24,668 shares during the last quarter. Nuveen LLC bought a new stake in shares of Darling Ingredients during the 1st quarter worth $11,546,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Darling Ingredients by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,114,704 shares of the company’s stock worth $34,823,000 after acquiring an additional 15,305 shares during the last quarter. Finally, Triodos Investment Management BV raised its position in shares of Darling Ingredients by 5.4% during the second quarter. Triodos Investment Management BV now owns 932,914 shares of the company’s stock worth $35,395,000 after purchasing an additional 47,500 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE DAR opened at $33.33 on Monday. The company has a 50 day simple moving average of $32.36 and a 200-day simple moving average of $33.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.30. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $42.28.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DAR. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price target for the company. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Piper Sandler dropped their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Zacks Research upgraded shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.11.

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.