Jupiter Asset Management Ltd. Makes New Investment in Darling Ingredients Inc. $DAR

Jupiter Asset Management Ltd. purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 326,400 shares of the company’s stock, valued at approximately $10,076,000.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Darling Ingredients by 37.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock worth $51,000 after purchasing an additional 455 shares in the last quarter. DAVENPORT & Co LLC grew its position in Darling Ingredients by 0.9% in the third quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock worth $1,639,000 after buying an additional 460 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Darling Ingredients by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock worth $2,772,000 after buying an additional 514 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Darling Ingredients by 11.6% in the second quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock valued at $201,000 after buying an additional 550 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position 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 valued at $25,000 after acquiring an additional 561 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAR. Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. UBS Group set a $50.00 price target on Darling Ingredients in a research note on Monday, November 3rd. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen upped their price objective on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Stock Down 0.3%

Shares of Darling Ingredients stock opened at $51.61 on Friday. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $52.88. The company has a market cap of $8.16 billion, a P/E ratio of 132.33, a P/E/G ratio of 0.56 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. The stock has a 50-day moving average price of $41.87 and a 200 day moving average price of $36.00.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. The company 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%. As a group, analysts expect 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.