Barings LLC Grows Position in Darling Ingredients Inc. $DAR

Barings LLC raised its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 52.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,613 shares of the company’s stock after acquiring an additional 84,156 shares during the period. Barings LLC’s holdings in Darling Ingredients were worth $7,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jupiter Asset Management Ltd. bought a new stake in Darling Ingredients in the third quarter worth $10,076,000. Bornite Capital Management LP bought a new stake in shares of Darling Ingredients in the 3rd quarter worth about $3,087,000. CenterBook Partners LP raised its position in shares of Darling Ingredients by 98.4% during the 3rd quarter. CenterBook Partners LP now owns 387,465 shares of the company’s stock valued at $11,961,000 after buying an additional 192,123 shares in the last quarter. Readystate Asset Management LP lifted its holdings in shares of Darling Ingredients by 30.9% in the 3rd quarter. Readystate Asset Management LP now owns 14,856 shares of the company’s stock valued at $459,000 after acquiring an additional 3,506 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Darling Ingredients by 37.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock valued at $51,000 after acquiring an additional 455 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Performance

DAR stock opened at $51.61 on Friday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $52.88. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 132.33, a PEG ratio of 0.56 and a beta of 1.27. The business’s fifty day simple moving average is $41.87 and its two-hundred day simple moving average is $36.00. The company has a quick ratio of 0.87, a current ratio of 3.86 and a debt-to-equity ratio of 0.16.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion during the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. Analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler boosted their price objective on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. BMO Capital Markets raised their price target on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and set a $61.00 price objective on shares of Darling Ingredients in a research report on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. Finally, Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.