Perpetual Ltd Purchases 456,482 Shares of Darling Ingredients Inc. (NYSE:DAR)

Perpetual Ltd grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 2,200.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,225 shares of the company’s stock after purchasing an additional 456,482 shares during the quarter. Perpetual Ltd owned about 0.30% of Darling Ingredients worth $16,078,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DAR. Ballentine Partners LLC boosted its holdings in Darling Ingredients by 19.8% in the 4th quarter. Ballentine Partners LLC now owns 11,355 shares of the company’s stock worth $383,000 after buying an additional 1,874 shares during the period. Trium Capital LLP purchased a new stake in shares of Darling Ingredients during the fourth quarter worth $181,000. Avanza Fonder AB bought a new position in shares of Darling Ingredients in the fourth quarter worth $145,000. Covea Finance grew its position in shares of Darling Ingredients by 16.4% in the fourth quarter. Covea Finance now owns 64,000 shares of the company’s stock valued at $2,156,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after purchasing an additional 1,235,985 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on DAR shares. Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. increased their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Trading Down 1.1 %

Shares of Darling Ingredients stock opened at $36.70 on Tuesday. 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 Inc. has a 1 year low of $32.55 and a 1 year high of $48.39. The firm has a market cap of $5.84 billion, a PE ratio of 22.66 and a beta of 1.21. The company has a 50 day simple moving average of $36.90 and a two-hundred day simple moving average of $37.56.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data 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 company 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 firm posted $0.77 earnings per share. The business’s revenue was down 12.5% on a year-over-year basis. Analysts expect that Darling Ingredients Inc. will post 1.6 earnings per share for the current fiscal year.

About Darling Ingredients

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.