Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 42.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 53,564 shares of the company’s stock after purchasing an additional 16,084 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Darling Ingredients were worth $1,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter valued at approximately $25,000. Hexagon Capital Partners LLC raised its position in shares of Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock valued at $62,000 after purchasing an additional 500 shares in the last quarter. UMB Bank n.a. raised its position in shares of Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after purchasing an additional 1,373 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock valued at $88,000 after purchasing an additional 468 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DAR has been the topic of a number of recent analyst reports. Tudor Pickering raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Robert W. Baird reaffirmed a “neutral” rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Jefferies Financial Group upped their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Citigroup lowered their price target on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, TD Cowen lowered their price target on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.86.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $31.59 on Friday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 47.86 and a beta of 1.19. The business has a 50 day simple moving average of $35.29 and a 200-day simple moving average of $34.22.

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