Barings LLC Has $5.69 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Barings LLC lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 21.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,031 shares of the company’s stock after acquiring an additional 32,157 shares during the quarter. Barings LLC owned approximately 0.12% of Darling Ingredients worth $5,687,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DAR. UNIVEST FINANCIAL Corp increased its holdings in Darling Ingredients by 42.9% in the first quarter. UNIVEST FINANCIAL Corp now owns 53,564 shares of the company’s stock valued at $1,673,000 after purchasing an additional 16,084 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Darling Ingredients in the first quarter valued at $217,000. Arkadios Wealth Advisors acquired a new stake in Darling Ingredients in the first quarter valued at $462,000. Bayforest Capital Ltd increased its holdings in Darling Ingredients by 356.6% in the first quarter. Bayforest Capital Ltd now owns 29,869 shares of the company’s stock valued at $933,000 after purchasing an additional 23,327 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Darling Ingredients in the first quarter valued at $1,176,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAR. Robert W. Baird reissued a “neutral” rating and issued a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. TD Cowen lowered their price objective on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Piper Sandler decreased their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $45.86.

Darling Ingredients Stock Performance

NYSE DAR opened at $31.59 on Friday. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 47.86 and a beta of 1.19. The company has a fifty day moving average price of $35.29 and a 200-day moving average price of $34.22.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.37% and a net margin of 1.85%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.