Darling Ingredients Inc. $DAR Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 440.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,130 shares of the company’s stock after buying an additional 48,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Darling Ingredients were worth $1,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in Darling Ingredients by 609.8% in the second 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 period. Sound Income Strategies LLC acquired a new stake in shares of Darling Ingredients in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its position in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Darling Ingredients by 138.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after purchasing an additional 877 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in shares of Darling Ingredients in the third quarter valued at approximately $65,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 0.5%

DAR stock opened at $45.65 on Friday. The firm has a market cap of $7.22 billion, a PE ratio of 68.14, a P/E/G ratio of 0.55 and a beta of 1.25. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $37.85 and a 200 day simple moving average of $34.44.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $1.40 billion during the quarter. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%. Equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DAR. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Bank of America initiated coverage on Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price target for the company. JPMorgan Chase & Co. lifted their price objective 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. Piper Sandler decreased their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, Jefferies Financial Group raised their target price on shares of Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.63.

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.