Darling Ingredients Inc. $DAR Shares Purchased by CenterBook Partners LP

CenterBook Partners LP grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 98.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,465 shares of the company’s stock after purchasing an additional 192,123 shares during the period. CenterBook Partners LP’s holdings in Darling Ingredients were worth $11,961,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DAR. Norges Bank bought a new stake in shares of Darling Ingredients during the 2nd quarter valued at about $74,041,000. Marshall Wace LLP boosted its stake in Darling Ingredients by 973.3% in the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after acquiring an additional 1,362,137 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after acquiring an additional 1,320,817 shares during the period. Harspring Capital Management LLC bought a new position in shares of Darling Ingredients during the second quarter valued at approximately $31,680,000. Finally, BNP Paribas Financial Markets raised its position in shares of Darling Ingredients by 184.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 846,371 shares of the company’s stock worth $32,111,000 after purchasing an additional 548,844 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DAR. Jefferies Financial Group restated a “buy” rating and set a $66.00 price objective on shares of Darling Ingredients in a research report on Friday. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. BMO Capital Markets boosted their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $64.00 price objective on shares of Darling Ingredients in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $50.91 on Wednesday. The stock has a fifty day moving average price of $40.94 and a two-hundred day moving average price of $35.64. The firm has a market cap of $8.05 billion, a P/E ratio of 130.54, a PEG ratio of 0.58 and a beta of 1.27. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $52.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. The company had revenue of $1.71 billion during the quarter. Research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

About Darling Ingredients

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.