Intech Investment Management LLC Acquires 148,493 Shares of Darling Ingredients Inc. $DAR

Intech Investment Management LLC boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1,016.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 163,100 shares of the company’s stock after buying an additional 148,493 shares during the quarter. Intech Investment Management LLC’s holdings in Darling Ingredients were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its stake in shares of Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares during the last quarter. Sound Income Strategies LLC bought a new position in Darling Ingredients in the 3rd quarter worth $29,000. Abich Financial Wealth Management LLC bought a new position in Darling Ingredients in the 3rd quarter worth $37,000. EverSource Wealth Advisors LLC lifted its position in Darling Ingredients by 681.5% during the second 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Darling Ingredients by 138.3% during the third 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. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $53.12 on Friday. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 136.19, a P/E/G ratio of 0.55 and a beta of 1.27. The firm has a fifty day moving average price of $43.64 and a 200 day moving average price of $36.81. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $53.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86.

Darling Ingredients (NYSE:DAR) last announced 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, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DAR has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Piper Sandler increased their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research note on Monday, November 3rd. Finally, BMO Capital Markets raised their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $55.60.

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.