Darling Ingredients Inc. (NYSE:DAR) Holdings Raised by Connable Office Inc.

Connable Office Inc. grew its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 14.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,397 shares of the company’s stock after acquiring an additional 1,542 shares during the period. Connable Office Inc.’s holdings in Darling Ingredients were worth $461,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares during the last quarter. Signaturefd LLC raised its stake in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC increased its holdings in Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen decreased their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Jefferies Financial Group raised their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients Stock Down 2.2 %

DAR stock opened at $41.09 on Friday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 25.36 and a beta of 1.23. The company has a 50-day moving average of $37.63 and a two-hundred day moving average of $38.65. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 1.88 EPS 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.