Signaturefd LLC Boosts Stake in Darling Ingredients Inc. (NYSE:DAR)

Signaturefd LLC increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 75.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 901 shares of the company’s stock after buying an additional 386 shares during the quarter. Signaturefd LLC’s holdings in Darling Ingredients were worth $33,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings 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 acquiring an additional 288 shares during the period. Guinness Atkinson Asset Management Inc raised its position in Darling Ingredients by 11.1% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock valued at $184,000 after purchasing an additional 496 shares during the last quarter. Invesco LLC boosted its stake in Darling Ingredients by 10.0% during the 1st quarter. Invesco LLC now owns 5,556 shares of the company’s stock worth $258,000 after purchasing an additional 507 shares during the period. GAMMA Investing LLC grew its position in Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter. Finally, Covestor Ltd increased its stake in Darling Ingredients by 21.9% in the first quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Up 2.1 %

Darling Ingredients stock opened at $39.87 on Thursday. The stock’s 50 day moving average price is $37.59 and its 200 day moving average price is $38.79. The company has a market cap of $6.37 billion, a PE ratio of 11.94 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.36.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, sell-side analysts predict that Darling Ingredients Inc. will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DAR. JPMorgan Chase & Co. increased 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. Scotiabank decreased their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. TD Cowen dropped their target price on 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 target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Piper Sandler lowered 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.60.

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.