Public Employees Retirement System of Ohio Has $2.14 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Public Employees Retirement System of Ohio lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,578 shares of the company’s stock after selling 2,869 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Darling Ingredients were worth $2,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Dimensional Fund Advisors LP raised its position in shares of Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after purchasing an additional 1,800,809 shares during the period. Paloma Partners Management Co increased its stake in Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after purchasing an additional 838,047 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Darling Ingredients during the 3rd quarter worth approximately $30,545,000. ING Groep NV lifted its stake in Darling Ingredients by 244.1% in the third quarter. ING Groep NV now owns 810,100 shares of the company’s stock valued at $30,103,000 after buying an additional 574,700 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Up 4.2 %

NYSE DAR opened at $35.32 on Wednesday. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.12. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $38.81 and a 200-day moving average of $37.94. The company has a market cap of $5.62 billion, a PE ratio of 21.80 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last announced 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 during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s revenue was down 12.5% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

DAR has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. TD Cowen decreased their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reduced their price target 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.44.

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.