Ballentine Partners LLC Has $352,000 Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Ballentine Partners LLC lifted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 31.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,481 shares of the company’s stock after acquiring an additional 2,268 shares during the quarter. Ballentine Partners LLC’s holdings in Darling Ingredients were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after acquiring an additional 232,583 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after purchasing an additional 1,800,809 shares in the last quarter. Earnest Partners LLC increased its position in Darling Ingredients by 14.0% in the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after purchasing an additional 470,170 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Darling Ingredients by 55.0% during the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock worth $72,683,000 after purchasing an additional 554,512 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Darling Ingredients by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock valued at $50,210,000 after buying an additional 15,414 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Robert W. Day purchased 2,532 shares of Darling Ingredients stock in a transaction on Wednesday, July 31st. The stock was purchased at an average cost of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now directly owns 12,607 shares in the company, valued at approximately $496,337.59. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on DAR shares. Piper Sandler cut their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank cut their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.90.

Darling Ingredients Trading Up 0.9 %

Darling Ingredients stock opened at $39.47 on Tuesday. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The firm has a market capitalization of $6.31 billion, a PE ratio of 11.82 and a beta of 1.24. The business’s 50-day simple moving average is $37.59 and its 200-day simple moving average is $38.83.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was down 12.5% on a year-over-year basis. Equities research analysts forecast that Darling Ingredients Inc. will post 2.26 earnings per share for the current year.

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.