Algert Global LLC Has $3.86 Million Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Algert Global LLC increased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 266.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,871 shares of the company’s stock after acquiring an additional 75,540 shares during the period. Algert Global LLC’s holdings in Darling Ingredients were worth $3,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC acquired a new position in shares of Darling Ingredients in the 1st quarter valued at about $1,462,000. Swedbank AB purchased a new position in Darling Ingredients during the first quarter valued at approximately $14,676,000. Natixis Advisors LLC increased its stake in Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after buying an additional 20,323 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Darling Ingredients by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock worth $50,210,000 after buying an additional 15,414 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Darling Ingredients by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock valued at $40,635,000 after buying an additional 42,921 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Darling Ingredients Stock Down 0.2 %

DAR opened at $40.05 on Tuesday. The firm has a market cap of $6.37 billion, a P/E ratio of 24.72 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The business has a 50 day moving average price of $38.45 and a 200 day moving average price of $38.52. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Darling Ingredients’s quarterly revenue was down 12.5% compared to the same quarter last year. Research analysts forecast that Darling Ingredients Inc. will post 1.88 EPS for the current year.

About Darling Ingredients

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.