Dimensional Fund Advisors LP Buys 1,800,809 Shares of Darling Ingredients Inc. (NYSE:DAR)

Dimensional Fund Advisors LP increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 52.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,236,616 shares of the company’s stock after buying an additional 1,800,809 shares during the quarter. Dimensional Fund Advisors LP owned 3.28% of Darling Ingredients worth $192,445,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Caprock Group LLC lifted its holdings in shares of Darling Ingredients by 4.3% during the first quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after acquiring an additional 277 shares during the period. Fisher Asset Management LLC raised its stake in shares of Darling Ingredients by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock valued at $1,171,000 after acquiring an additional 341 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Darling Ingredients by 9.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,290 shares of the company’s stock valued at $214,000 after buying an additional 371 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Darling Ingredients by 24.7% in the fourth quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after acquiring an additional 389 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Transactions at Darling Ingredients

In related news, EVP Robert W. Day bought 2,532 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.62% of the stock is owned by insiders.

Darling Ingredients Stock Performance

DAR stock opened at $37.10 on Friday. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $56.96. The business’s 50-day moving average price is $38.07 and its two-hundred day moving average price is $40.38. The firm has a market cap of $5.93 billion, a PE ratio of 11.11 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. Darling Ingredients’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the subject of a number of research reports. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, June 12th. Scotiabank dropped 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 reduced their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Finally, Jefferies Financial Group dropped their target price on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $60.10.

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.