CenterBook Partners LP Raises Stock Position in Darling Ingredients Inc. $DAR

CenterBook Partners LP lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 98.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,465 shares of the company’s stock after acquiring an additional 192,123 shares during the quarter. CenterBook Partners LP owned about 0.24% of Darling Ingredients worth $11,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after purchasing an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after buying an additional 58,925 shares during the period. Focus Partners Wealth purchased a new stake in shares of Darling Ingredients during the 1st quarter valued at about $205,000. Vanguard Personalized Indexing Management LLC lifted its position in Darling Ingredients by 58.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,806 shares of the company’s stock worth $789,000 after acquiring an additional 7,662 shares in the last quarter. Finally, CWM LLC boosted its holdings in Darling Ingredients by 33.2% in the 2nd quarter. CWM LLC now owns 13,446 shares of the company’s stock worth $510,000 after acquiring an additional 3,349 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DAR shares. 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. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research note on Friday. Scotiabank reiterated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a report on Tuesday. Finally, UBS Group set a $50.00 target price on Darling Ingredients in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Price Performance

Shares of DAR stock opened at $50.91 on Wednesday. The firm has a fifty day moving average of $40.94 and a two-hundred day moving average of $35.64. The firm has a market cap of $8.05 billion, a P/E ratio of 130.54, a P/E/G ratio of 0.58 and a beta of 1.27. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $52.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.86 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. As a group, research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.