Darling Ingredients Inc. $DAR Stake Lessened by Schroder Investment Management Group

Schroder Investment Management Group lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,167,343 shares of the company’s stock after selling 138,718 shares during the period. Schroder Investment Management Group owned about 1.37% of Darling Ingredients worth $82,229,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DAR. Vanguard Group Inc. grew its stake in Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after acquiring an additional 73,925 shares in the last quarter. Gates Capital Management Inc. boosted its holdings in shares of Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after purchasing an additional 1,026,958 shares during the period. Earnest Partners LLC grew its position in Darling Ingredients by 0.9% during the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock valued at $127,535,000 after purchasing an additional 36,085 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in Darling Ingredients by 1.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock valued at $140,118,000 after buying an additional 35,309 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

DAR opened at $36.61 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The company has a market cap of $5.79 billion, a PE ratio of 54.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.30. The stock has a 50-day moving average of $32.69 and a 200-day moving average of $33.52. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $42.15.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Bank of America initiated coverage on Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price on the stock. Jefferies Financial Group lifted their price target on Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, UBS Group set a $50.00 price objective on Darling Ingredients in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average target price of $44.11.

Darling Ingredients Company 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.