Darling Ingredients Inc. (NYSE:DAR) Position Raised by Algert Global LLC

Algert Global LLC lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 266.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 103,871 shares of the company’s stock after acquiring an additional 75,540 shares during the period. Algert Global LLC owned 0.07% of Darling Ingredients worth $3,860,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in Darling Ingredients by 173.9% in 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 increased its holdings in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. raised its stake in shares of Darling Ingredients by 38.0% during 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 in the last quarter. Ashton Thomas Securities LLC bought a new position in Darling Ingredients in the 3rd quarter valued at about $58,000. Finally, Farther Finance Advisors LLC grew its position in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Down 0.2 %

Shares of Darling Ingredients stock opened at $40.05 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.36. The firm has a market capitalization of $6.37 billion, a PE ratio of 24.72 and a beta of 1.23. The stock’s fifty day moving average is $38.45 and its 200-day moving average is $38.52.

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

Analysts Set New Price Targets

DAR has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen cut their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.