MidWestOne Financial Group Inc. Purchases 5,128 Shares of Darling Ingredients Inc. (NYSE:DAR)

MidWestOne Financial Group Inc. lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,185 shares of the company’s stock after buying an additional 5,128 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Darling Ingredients were worth $1,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAR. Rise Advisors LLC bought a new position in shares of Darling Ingredients during the 1st quarter worth $25,000. Riverview Trust Co bought a new position in shares of Darling Ingredients during the 1st quarter worth $55,000. Parallel Advisors LLC grew its position in shares of Darling Ingredients by 24.7% during the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after buying an additional 389 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Darling Ingredients by 56.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after buying an additional 724 shares in the last quarter. Finally, United Community Bank bought a new position in shares of Darling Ingredients during the 4th quarter worth $125,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of DAR stock opened at $37.76 on Friday. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $53.06. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 11.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The stock’s 50-day simple moving average is $37.96 and its 200-day simple moving average is $40.10.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was down 17.2% on a year-over-year basis. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased 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 approximately $496,337.59. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the topic of several analyst reports. Jefferies Financial Group cut their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Scotiabank cut their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. TD Cowen cut their target price on 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, Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.10.

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.