Algert Global LLC Has $3.86 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Algert Global LLC raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 266.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,871 shares of the company's stock after acquiring an additional 75,540 shares during the period. Algert Global LLC owned approximately 0.07% of Darling Ingredients worth $3,860,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Darling Ingredients by 52.4% during 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 in the last quarter. ING Groep NV boosted its stake in Darling Ingredients by 244.1% during the 3rd quarter. ING Groep NV now owns 810,100 shares of the company's stock valued at $30,103,000 after purchasing an additional 574,700 shares in the last quarter. Earnest Partners LLC boosted its stake in Darling Ingredients by 14.0% during the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company's stock valued at $140,725,000 after purchasing an additional 470,170 shares in the last quarter. Citigroup Inc. boosted its stake in Darling Ingredients by 2,842.2% during the 3rd quarter. Citigroup Inc. now owns 465,985 shares of the company's stock valued at $17,316,000 after purchasing an additional 450,147 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Darling Ingredients during the 2nd quarter valued at $15,406,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Piper Sandler decreased their target price 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. TD Cowen cut their target price on shares of 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, Jefferies Financial Group raised their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Stock Performance

NYSE DAR traded up $0.89 during trading on Tuesday, hitting $40.93. The company's stock had a trading volume of 815,161 shares, compared to its average volume of 2,164,960. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $38.54 and a 200 day moving average price of $38.48. The firm has a market cap of $6.51 billion, a P/E ratio of 25.18 and a beta of 1.23. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business's quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities research analysts forecast 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.