Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Atlas Brown Inc.

Atlas Brown Inc. raised its stake in Darling Ingredients Inc. (NYSE:DARGet Rating) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,031 shares of the company’s stock after purchasing an additional 400 shares during the period. Atlas Brown Inc.’s holdings in Darling Ingredients were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DAR. Nordea Investment Management AB raised its position in shares of Darling Ingredients by 1.5% during the 1st quarter. Nordea Investment Management AB now owns 75,761 shares of the company’s stock worth $6,162,000 after acquiring an additional 1,105 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Darling Ingredients by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 893,226 shares of the company’s stock worth $61,892,000 after acquiring an additional 16,330 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Darling Ingredients by 10.3% during the 1st quarter. Coldstream Capital Management Inc. now owns 8,799 shares of the company’s stock worth $707,000 after acquiring an additional 824 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Darling Ingredients during the 1st quarter worth about $203,000. Finally, Riverview Trust Co raised its position in shares of Darling Ingredients by 19.4% during the 1st quarter. Riverview Trust Co now owns 1,400 shares of the company’s stock worth $113,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock traded down $5.17 during midday trading on Friday, hitting $67.31. The company had a trading volume of 51,226 shares, compared to its average volume of 1,023,168. The company’s 50 day simple moving average is $72.13 and its 200 day simple moving average is $73.55. Darling Ingredients Inc. has a 52-week low of $55.71 and a 52-week high of $87.59. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 15.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 0.96.

Darling Ingredients (NYSE:DARGet Rating) last announced its earnings results on Tuesday, August 9th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.12). Darling Ingredients had a net margin of 12.56% and a return on equity of 20.34%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. Research analysts anticipate that Darling Ingredients Inc. will post 5.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Cowen cut their target price on Darling Ingredients to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Raymond James raised their target price on Darling Ingredients from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 11th. Piper Sandler lifted their price target on Darling Ingredients from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 24th. Robert W. Baird lifted their price target on Darling Ingredients from $100.00 to $109.00 in a research report on Thursday, August 11th. Finally, Scotiabank assumed coverage on Darling Ingredients in a research report on Thursday, September 8th. They set a “sector outperform” rating and a $101.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

Darling Ingredients Profile

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Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

Further Reading

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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