Candriam S.C.A. raised its stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 104.7% during the third quarter, HoldingsChannel.com reports. The fund owned 400,607 shares of the company’s stock after acquiring an additional 204,945 shares during the quarter. Candriam S.C.A.’s holdings in Darling Ingredients were worth $24,410,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Darling Ingredients during the second quarter valued at $851,450,000. AIA Group Ltd acquired a new stake in shares of Darling Ingredients in the 1st quarter valued at $4,453,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Darling Ingredients in the 2nd quarter worth about $1,447,000. Hsbc Holdings PLC grew its holdings in shares of Darling Ingredients by 246.8% in the 2nd quarter. Hsbc Holdings PLC now owns 144,263 shares of the company’s stock worth $7,953,000 after purchasing an additional 102,664 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $129,371,000. 94.44% of the stock is currently owned by institutional investors.
Darling Ingredients Price Performance
Darling Ingredients stock opened at $50.22 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The firm has a market cap of $7.92 billion, a P/E ratio of 9.55 and a beta of 1.00. The business’s fifty day moving average is $61.04 and its two-hundred day moving average is $58.50. Darling Ingredients Inc. has a 52 week low of $31.65 and a 52 week high of $69.98.
Darling Ingredients (NYSE:DAR – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $0.12 EPS. Equities research analysts forecast that Darling Ingredients Inc. will post 6.85 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently issued reports on DAR shares. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. TD Cowen upped their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Jefferies Financial Group raised shares of Darling Ingredients to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $73.80.
Check Out Our Latest Report on Darling Ingredients
Insider Transactions at Darling Ingredients
In other Darling Ingredients news, EVP Patrick McNutt sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.
Darling Ingredients Company Profile
Darling Ingredients Inc collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients.
The company’s businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.
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