Darling Ingredients Inc. $DAR Stock Holdings Cut by Strs Ohio

Strs Ohio lessened its position in Darling Ingredients Inc. (NYSE:DAR) by 85.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,739 shares of the company’s stock after selling 22,725 shares during the period. Strs Ohio’s holdings in Darling Ingredients were worth $115,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Darling Ingredients by 1.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after acquiring an additional 35,309 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of Darling Ingredients by 66.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after purchasing an additional 1,320,817 shares during the last quarter. Norges Bank bought a new stake in shares of Darling Ingredients in the 2nd quarter worth approximately $74,041,000. Marshall Wace LLP raised its holdings in shares of Darling Ingredients by 973.3% in the 2nd quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock worth $56,989,000 after purchasing an additional 1,362,137 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Darling Ingredients by 1.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,153,113 shares of the company’s stock valued at $35,597,000 after purchasing an additional 20,351 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. UBS Group set a $50.00 target price on Darling Ingredients in a research report on Monday, November 3rd. Piper Sandler reduced their target price on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group boosted their price objective on Darling Ingredients from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $48.88.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $47.91 on Thursday. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $48.93. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84. The stock has a market cap of $7.58 billion, a PE ratio of 71.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.27. The business has a fifty day simple moving average of $38.60 and a 200-day simple moving average of $34.68.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.53 billion. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Company 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.