Caisse DE Depot ET Placement DU Quebec Buys Shares of 49,500 Darling Ingredients Inc. (NYSE:DAR)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 49,500 shares of the company's stock, valued at approximately $1,839,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after acquiring an additional 288 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company's stock worth $446,000 after acquiring an additional 310 shares in the last quarter. Signaturefd LLC grew 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. Glenmede Trust Co. NA boosted its position in Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company's stock valued at $283,000 after purchasing an additional 412 shares during the period. Finally, Corbyn Investment Management Inc. MD boosted its position in Darling Ingredients by 1.6% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company's stock valued at $1,103,000 after purchasing an additional 455 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

Shares of DAR traded down $0.93 during midday trading on Wednesday, reaching $36.54. The stock had a trading volume of 4,665,190 shares, compared to its average volume of 2,189,396. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm's 50 day moving average price is $38.96 and its 200-day moving average price is $38.28. The company has a market capitalization of $5.81 billion, a P/E ratio of 23.13 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm's quarterly revenue was down 12.5% on a year-over-year basis. On average, analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research report on Friday, September 13th. Finally, Piper Sandler reduced their price target on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $53.44.

About Darling Ingredients

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.