Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Creative Planning

Creative Planning increased its stake in Darling Ingredients Inc. (NYSE:DAR) by 21.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,354 shares of the company’s stock after acquiring an additional 4,021 shares during the period. Creative Planning’s holdings in Darling Ingredients were worth $831,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 52.4% in the second 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 period. Jennison Associates LLC raised its holdings in Darling Ingredients by 55.0% in 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 period. Earnest Partners LLC raised its holdings in Darling Ingredients by 14.0% in 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 period. Canada Pension Plan Investment Board purchased a new position in Darling Ingredients in the second quarter valued at approximately $15,406,000. Finally, Toronto Dominion Bank raised its holdings in Darling Ingredients by 942.1% in the first 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 period. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Scotiabank cut their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Jefferies Financial Group lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $39.40 on Friday. The company has a market cap of $6.27 billion, a PE ratio of 24.32 and a beta of 1.24. The company has a fifty day moving average price of $37.59 and a two-hundred day moving average price of $38.78. 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 Inc. has a 12 month low of $32.67 and a 12 month high of $51.36.

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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Research analysts expect 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.