Frontier Capital Management Co. LLC Acquires 1,320,817 Shares of Darling Ingredients Inc. $DAR

Frontier Capital Management Co. LLC boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 66.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,323,470 shares of the company’s stock after acquiring an additional 1,320,817 shares during the period. Darling Ingredients accounts for 1.2% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 8th largest position. Frontier Capital Management Co. LLC owned 2.10% of Darling Ingredients worth $126,092,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Darling Ingredients in the 2nd quarter worth $74,041,000. Marshall Wace LLP lifted its stake in Darling Ingredients by 973.3% in the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after buying an additional 1,362,137 shares during the period. Gates Capital Management Inc. boosted its holdings in Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after buying an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Darling Ingredients by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after buying an additional 1,026,958 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Darling Ingredients by 155.5% in the 1st quarter. American Century Companies Inc. now owns 1,479,369 shares of the company’s stock valued at $46,215,000 after acquiring an additional 900,461 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of analyst reports. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a report on Friday, October 24th. TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and upped their price objective for the company from $34.00 to $45.00 in a research report on Tuesday, December 2nd. UBS Group set a $50.00 target price on Darling Ingredients in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.33.

Darling Ingredients Price Performance

DAR stock opened at $34.96 on Thursday. The stock has a 50-day moving average price of $33.48 and a two-hundred day moving average price of $33.66. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $42.15. The stock has a market cap of $5.53 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 2.65 and a beta of 1.29. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

About Darling Ingredients

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.