Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 53.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 988,769 shares of the company's stock after buying an additional 342,643 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.62% of Darling Ingredients worth $36,743,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 1,800,809 shares during the last quarter. Earnest Partners LLC raised 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 acquiring an additional 470,170 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Darling Ingredients by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company's stock worth $50,210,000 after purchasing an additional 15,414 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Darling Ingredients by 0.5% in the third quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company's stock valued at $44,741,000 after purchasing an additional 6,200 shares during the period. Finally, DNB Asset Management AS increased its stake in Darling Ingredients by 0.7% in the second quarter. DNB Asset Management AS now owns 1,178,568 shares of the company's stock valued at $43,312,000 after purchasing an additional 8,499 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DAR shares. JPMorgan Chase & Co. upped 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, October 30th. 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 research note on Friday, September 13th. Jefferies Financial Group boosted 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, Piper Sandler cut their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Stock Down 0.2 %

Shares of DAR stock traded down $0.08 during trading hours on Monday, reaching $40.05. The company had a trading volume of 2,931,446 shares, compared to its average volume of 2,170,986. The company has a market capitalization of $6.37 billion, a P/E ratio of 24.72 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The stock's fifty day simple moving average is $38.45 and its 200 day simple moving average is $38.52.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.29). The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal 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.