Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,080,056 shares of the company’s stock after purchasing an additional 25,734 shares during the period. Charles Schwab Investment Management Inc. owned about 0.68% of Darling Ingredients worth $40,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DAR. Integrated Investment Consultants LLC lifted its stake in Darling Ingredients by 14.0% during the third quarter. Integrated Investment Consultants LLC now owns 12,008 shares of the company’s stock valued at $446,000 after buying an additional 1,478 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Darling Ingredients by 16.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 440,670 shares of the company’s stock valued at $16,375,000 after acquiring an additional 61,226 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after acquiring an additional 687 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Darling Ingredients by 24.4% in the 3rd quarter. Howe & Rusling Inc. now owns 13,181 shares of the company’s stock worth $490,000 after purchasing an additional 2,589 shares during the period. Finally, Jennison Associates LLC grew its position in Darling Ingredients by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock worth $40,635,000 after purchasing an additional 42,921 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $39.73 on Tuesday. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.36. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 24.52 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The business’s 50-day simple moving average is $38.95 and its 200 day simple moving average is $38.32.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, research analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler cut their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. TD Cowen reduced 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. Finally, Jefferies Financial Group increased their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.44.

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.