Metis Global Partners LLC Boosts Stock Position in Darling Ingredients Inc. $DAR

Metis Global Partners LLC raised its position in Darling Ingredients Inc. (NYSE:DAR) by 29.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,650 shares of the company’s stock after acquiring an additional 3,091 shares during the period. Metis Global Partners LLC’s holdings in Darling Ingredients were worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after acquiring an additional 73,925 shares during the period. Gates Capital Management Inc. boosted its holdings in shares of Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after buying an additional 1,026,958 shares during the period. Earnest Partners LLC lifted its position in Darling Ingredients by 0.9% during the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock worth $127,535,000 after buying an additional 36,085 shares during the period. Finally, Deutsche Bank AG boosted its stake in Darling Ingredients by 2.4% in the 1st quarter. Deutsche Bank AG now owns 3,394,250 shares of the company’s stock worth $106,036,000 after buying an additional 78,770 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.07% of the company’s stock.

Darling Ingredients Stock Up 0.7%

Shares of NYSE DAR opened at $34.54 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The stock’s 50-day simple moving average is $32.02 and its 200-day simple moving average is $33.40. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 51.55, a PEG ratio of 2.35 and a beta of 1.30.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAR. Zacks Research downgraded shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. Finally, Robert W. Baird reissued a “neutral” rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.11.

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.