Scientech Research LLC Acquires Shares of 20,836 Darling Ingredients Inc. (NYSE:DAR)

Scientech Research LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,836 shares of the company’s stock, valued at approximately $766,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAR. Balyasny Asset Management L.P. bought a new stake in Darling Ingredients during the fourth quarter worth about $92,661,000. Dimensional Fund Advisors LP boosted its position in shares of Darling Ingredients by 52.4% in the 2nd 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 in the last quarter. Gates Capital Management Inc. purchased a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $88,885,000. Jennison Associates LLC increased its position in Darling Ingredients by 55.0% during the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock valued at $72,683,000 after buying an additional 554,512 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in Darling Ingredients by 14.0% during the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock valued at $140,725,000 after buying an additional 470,170 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAR. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, June 12th. Jefferies Financial Group cut their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Scotiabank decreased their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.10.

Darling Ingredients Stock Up 3.6 %

Shares of Darling Ingredients stock opened at $37.76 on Friday. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $53.06. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $37.96 and its 200 day moving average is $40.10. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 11.31 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. Research analysts anticipate that Darling Ingredients Inc. will post 2.45 EPS for the current year.

Darling Ingredients 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.