Yacktman Asset Management LP Has $59.67 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Yacktman Asset Management LP lessened its position in Darling Ingredients Inc. (NYSE:DAR) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,605,869 shares of the company’s stock after selling 276,965 shares during the quarter. Yacktman Asset Management LP’s holdings in Darling Ingredients were worth $59,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Darling Ingredients by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock worth $726,056,000 after buying an additional 232,583 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after purchasing an additional 1,800,809 shares during the last quarter. Earnest Partners LLC raised its position in shares of Darling Ingredients by 14.0% during the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock valued at $140,725,000 after buying an additional 470,170 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 1.1% during the second 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, Handelsbanken Fonder AB increased its stake in Darling Ingredients by 0.5% during the third quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company’s stock valued at $44,741,000 after acquiring an additional 6,200 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Up 1.0 %

Shares of DAR opened at $39.80 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 24.57 and a beta of 1.23. The business’s fifty day moving average price is $37.59 and its two-hundred day moving average price is $38.72.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts predict that Darling Ingredients Inc. will post 1.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Scotiabank cut their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. TD Cowen cut their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Finally, Piper Sandler reduced their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy 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 $55.60.

Darling Ingredients 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.