SG Americas Securities LLC Buys Shares of 6,163 Darling Ingredients Inc. (NYSE:DAR)

SG Americas Securities LLC bought a new stake in Darling Ingredients Inc. (NYSE:DAR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,163 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Dimensional Fund Advisors LP grew its holdings in Darling Ingredients by 52.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after buying an additional 1,800,809 shares during the last quarter. Jennison Associates LLC grew its holdings in Darling Ingredients by 55.0% in the 1st 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 grew its holdings in Darling Ingredients by 14.0% in the 2nd 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 acquired a new stake in Darling Ingredients in the 2nd quarter valued at approximately $15,406,000. Finally, Toronto Dominion Bank grew its holdings in Darling Ingredients by 942.1% in the 1st quarter. Toronto Dominion Bank now owns 392,165 shares of the company’s stock valued at $18,240,000 after buying an additional 354,532 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DAR shares. Jefferies Financial Group lowered their target price on Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 7th. TD Cowen cut their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Scotiabank cut their price objective on 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, Piper Sandler cut their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.70.

Insider Transactions at Darling Ingredients

In related news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was bought at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the transaction, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $38.19 on Tuesday. The stock has a 50-day simple moving average of $37.76 and a 200 day simple moving average of $39.10. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. 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 $6.10 billion, a price-to-earnings ratio of 11.43 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. On average, research analysts anticipate that Darling Ingredients Inc. will post 2.26 earnings per share 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.