Assenagon Asset Management S.A. Grows Position in Darling Ingredients Inc. (NYSE:DAR)

Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 203.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,844,297 shares of the company's stock after buying an additional 1,235,985 shares during the period. Assenagon Asset Management S.A. owned about 1.16% of Darling Ingredients worth $62,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DAR. GAMMA Investing LLC lifted its holdings in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock worth $31,000 after buying an additional 527 shares during the period. Signaturefd LLC raised 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 acquiring an additional 386 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after purchasing an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Darling Ingredients during the third quarter valued at about $58,000. Finally, Farther Finance Advisors LLC grew its stake in Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after purchasing an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $0.13 during midday trading on Thursday, reaching $37.13. The company's stock had a trading volume of 1,385,572 shares, compared to its average volume of 1,981,214. The firm has a market capitalization of $5.91 billion, a PE ratio of 22.92 and a beta of 1.21. The stock has a fifty day moving average of $37.17 and a 200 day moving average of $37.56. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The firm's revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average target price of $53.44.

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.