Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 16.1% during the third quarter, Holdings Channel reports. The firm owned 440,670 shares of the company’s stock after acquiring an additional 61,226 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Darling Ingredients were worth $16,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after acquiring an additional 527 shares during the period. Signaturefd LLC lifted its position in shares of 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC increased its stake in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

DAR stock opened at $40.13 on Friday. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 24.77 and a beta of 1.23. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $38.45 and a 200 day moving average price of $38.60.

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

Wall Street Analyst Weigh In

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

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.