Barrow Hanley Mewhinney & Strauss LLC Raises Stake in Darling Ingredients Inc. (NYSE:DAR)

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366,263 shares of the company’s stock after acquiring an additional 15,414 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.86% of Darling Ingredients worth $50,210,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after acquiring an additional 232,583 shares during the period. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Darling Ingredients by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock worth $199,028,000 after buying an additional 851,886 shares during the last quarter. Earnest Partners LLC raised its holdings in Darling Ingredients by 7.5% in the first quarter. Earnest Partners LLC now owns 3,359,095 shares of the company’s stock worth $156,232,000 after buying an additional 234,907 shares during the last quarter. Finally, Norges Bank purchased a new position in Darling Ingredients in the fourth quarter worth about $94,650,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $36.75 on Friday. The firm has a 50 day moving average of $38.04 and a 200 day moving average of $40.32. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 11.00 and a beta of 1.24. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $56.34.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 earnings per share. On average, research analysts anticipate that Darling Ingredients Inc. will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In other news, EVP Robert W. Day purchased 2,532 shares of the stock in a transaction on Wednesday, July 31st. The shares were acquired at an average price of $39.37 per share, with a total value of $99,684.84. Following the completion of the acquisition, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DAR. TD Cowen decreased their target price 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. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, June 12th. Scotiabank reduced 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. Finally, Jefferies Financial Group reduced their price target on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.10.

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.