Vanguard Group Inc. Has $459.41 Million Stock Holdings in Darling Ingredients Inc. $DAR

Vanguard Group Inc. cut its position in Darling Ingredients Inc. (NYSE:DAR) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,882,123 shares of the company’s stock after selling 20,272 shares during the period. Vanguard Group Inc. owned 9.41% of Darling Ingredients worth $459,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its stake in shares of Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after buying an additional 561 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Darling Ingredients in the third quarter valued at approximately $29,000. Abich Financial Wealth Management LLC purchased a new position in shares of Darling Ingredients during the third quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised 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 buying an additional 886 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in Darling Ingredients by 138.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after buying an additional 877 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

DAR has been the subject of several analyst reports. Scotiabank reiterated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th. BMO Capital Markets upped their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Piper Sandler upped their target price on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, TD Cowen lifted their price target on Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $53.03 on Thursday. The business’s 50 day simple moving average is $42.90 and its 200 day simple moving average is $36.50. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $53.17. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 135.97, a PEG ratio of 0.54 and a beta of 1.27. The company has a current ratio of 3.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion for the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients Profile

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.