Vanguard Group Inc. Sells 20,272 Shares of Darling Ingredients Inc. $DAR

Vanguard Group Inc. reduced its stake in Darling Ingredients Inc. (NYSE:DAR) by 0.1% in the third quarter, Holdings Channel.com reports. The fund owned 14,882,123 shares of the company’s stock after selling 20,272 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Darling Ingredients worth $459,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in Darling Ingredients during the 2nd quarter worth about $74,041,000. Marshall Wace LLP lifted its holdings in shares of Darling Ingredients by 973.3% in the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock worth $56,989,000 after buying an additional 1,362,137 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Darling Ingredients by 66.0% during 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 in the last quarter. Harspring Capital Management LLC bought a new stake in Darling Ingredients during the 2nd quarter worth approximately $31,680,000. Finally, BNP Paribas Financial Markets lifted its stake in Darling Ingredients by 184.5% in 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 in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of recent analyst reports. Scotiabank restated an “outperform” rating and set a $61.00 price target on shares of Darling Ingredients in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research report on Monday, November 3rd. Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a report on Friday, February 13th. Finally, TD Cowen lifted their price objective on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $53.03 on Thursday. The firm has a fifty day simple moving average of $42.90 and a two-hundred day simple moving average of $36.50. The company has a quick ratio of 0.87, a current ratio of 3.86 and a debt-to-equity ratio of 0.16. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $53.17. The company has a market capitalization of $8.39 billion, a PE ratio of 135.97, a P/E/G ratio of 0.54 and a beta of 1.27.

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

Darling Ingredients Profile

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.