M&G Plc Buys Shares of 16,452 Darling Ingredients Inc. (NYSE:DAR)

M&G Plc purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 1st quarter, Holdings Channel reports. The firm purchased 16,452 shares of the company’s stock, valued at approximately $773,000.

A number of other large investors also recently modified their holdings of DAR. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Darling Ingredients by 55.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 109,883 shares of the company’s stock valued at $5,477,000 after acquiring an additional 39,175 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in shares of Darling Ingredients by 16.0% in the 4th quarter. Red Door Wealth Management LLC now owns 72,565 shares of the company’s stock valued at $3,617,000 after acquiring an additional 10,000 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of Darling Ingredients in the 4th quarter valued at $50,000. Fifth Third Bancorp lifted its stake in shares of Darling Ingredients by 6.9% in the 4th quarter. Fifth Third Bancorp now owns 5,702 shares of the company’s stock valued at $284,000 after acquiring an additional 366 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in shares of Darling Ingredients by 32.1% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 192,129 shares of the company’s stock valued at $9,095,000 after acquiring an additional 46,698 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Down 1.2 %

NYSE DAR traded down $0.46 during trading hours on Friday, hitting $37.41. The company’s stock had a trading volume of 1,840,172 shares, compared to its average volume of 1,969,459. Darling Ingredients Inc. has a 52 week low of $33.94 and a 52 week high of $71.60. The company has a market capitalization of $5.98 billion, a PE ratio of 11.20 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company’s 50-day simple moving average is $38.44 and its two-hundred day simple moving average is $42.06.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.16 EPS. Darling Ingredients’s quarterly revenue was down 20.7% compared to the same quarter last year. Research analysts anticipate that Darling Ingredients Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DAR. TD Cowen decreased their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, June 13th. Stifel Nicolaus decreased their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Scotiabank decreased their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.36.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.