Brown Brothers Harriman & Co. Has $36.74 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Brown Brothers Harriman & Co. lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 53.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 988,769 shares of the company’s stock after buying an additional 342,643 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Darling Ingredients were worth $36,743,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DAR. Blue Trust Inc. lifted its holdings in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the period. Nisa Investment Advisors LLC raised its position in Darling Ingredients by 2.6% during the third quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after purchasing an additional 310 shares in the last quarter. Signaturefd LLC lifted its stake in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Corbyn Investment Management Inc. MD boosted its holdings in shares of Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after purchasing an additional 455 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its stake in shares of Darling Ingredients by 11.1% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock valued at $184,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $40.13 on Monday. The stock’s 50 day moving average is $38.45 and its 200 day moving average is $38.52. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $51.36. The firm has a market cap of $6.38 billion, a P/E ratio of 24.77 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen lowered their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

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.