6,486 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,486 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds also recently modified their holdings of DAR. Blue Trust Inc. lifted its holdings in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after purchasing an additional 310 shares during the period. Signaturefd LLC boosted its position in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Darling Ingredients by 5.7% during the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after purchasing an additional 412 shares during the period. Finally, Corbyn Investment Management Inc. MD increased its holdings in Darling Ingredients by 1.6% in the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after purchasing an additional 455 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Darling Ingredients Stock Performance

Shares of DAR opened at $36.70 on Friday. The firm has a market cap of $5.84 billion, a P/E ratio of 22.66 and a beta of 1.21. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm’s 50 day moving average price is $37.02 and its two-hundred day moving average price is $37.56.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 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 the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company’s revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, analysts forecast that Darling Ingredients Inc. will post 1.75 EPS for the current fiscal year.

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.