Darling Ingredients Inc. $DAR Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 85.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,739 shares of the company’s stock after selling 22,725 shares during the quarter. Strs Ohio’s holdings in Darling Ingredients were worth $115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Darling Ingredients by 1.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock valued at $140,118,000 after buying an additional 35,309 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after acquiring an additional 1,320,817 shares during the period. Norges Bank acquired a new position in Darling Ingredients in the second quarter valued at approximately $74,041,000. Marshall Wace LLP grew its holdings in shares of Darling Ingredients by 973.3% during the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after purchasing an additional 1,362,137 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Darling Ingredients by 1.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,153,113 shares of the company’s stock worth $35,597,000 after purchasing an additional 20,351 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DAR. Bank of America started coverage on Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective for the company. UBS Group set a $50.00 target price on Darling Ingredients in a research note on Monday, November 3rd. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. TD Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.88.

Darling Ingredients Price Performance

Shares of DAR opened at $47.91 on Thursday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $48.93. The stock’s fifty day moving average is $38.60 and its 200-day moving average is $34.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 71.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.27.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, February 11th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.53 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS 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.