Blue Trust Inc. Purchases 288 Shares of Darling Ingredients Inc. (NYSE:DAR)

Blue Trust Inc. grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 38.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,046 shares of the company’s stock after acquiring an additional 288 shares during the period. Blue Trust Inc.’s holdings in Darling Ingredients were worth $38,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of 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. Jennison Associates LLC raised its position in shares of Darling Ingredients by 55.0% during the first quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock valued at $72,683,000 after buying an additional 554,512 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. Canada Pension Plan Investment Board bought a new stake in Darling Ingredients in the second quarter worth $15,406,000. Finally, Toronto Dominion Bank increased its position in Darling Ingredients by 942.1% in the first quarter. Toronto Dominion Bank now owns 392,165 shares of the company’s stock worth $18,240,000 after purchasing an additional 354,532 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DAR shares. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. TD Cowen lowered their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Piper Sandler reduced their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Scotiabank reduced their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $39.41 on Friday. The business has a 50-day moving average of $37.61 and a 200 day moving average of $38.80. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 24.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 1.89 earnings per share for the current year.

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.