28,331 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by Algert Global LLC

Algert Global LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 28,331 shares of the company’s stock, valued at approximately $1,041,000.

A number of other large investors have also added to or reduced their stakes in DAR. Rise Advisors LLC purchased a new position in shares of Darling Ingredients in the first quarter valued at $25,000. Riverview Trust Co purchased a new position in shares of Darling Ingredients in the 1st quarter worth $55,000. V Square Quantitative Management LLC grew its stake in shares of Darling Ingredients by 56.9% in 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. Neo Ivy Capital Management bought a new stake in shares of Darling Ingredients in the 2nd quarter worth about $140,000. Finally, Covestor Ltd raised its position in shares of Darling Ingredients by 21.9% during the 1st quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after buying an additional 576 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $36.94 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.06 and a beta of 1.24. The firm has a 50-day moving average of $37.82 and a two-hundred day moving average of $39.83. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36.

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

Analyst Upgrades and Downgrades

DAR has been the subject of several recent research reports. Scotiabank dropped their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report 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 report on Friday, September 13th. Jefferies Financial Group lowered their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.10.

Insider Activity

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average cost of $39.37 per share, with a total value of $99,684.84. Following the completion of the purchase, the executive vice president now directly owns 12,607 shares in the company, valued at $496,337.59. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.62% of the company’s stock.

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.