Charles Schwab Investment Management Inc. Buys 25,734 Shares of Darling Ingredients Inc. (NYSE:DAR)

Charles Schwab Investment Management Inc. lifted its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,056 shares of the company's stock after acquiring an additional 25,734 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.68% of Darling Ingredients worth $40,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DAR. GAMMA Investing LLC raised its position in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC raised its position in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. raised its position in Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock valued at $38,000 after purchasing an additional 288 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Darling Ingredients during the third quarter valued at about $58,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after buying an additional 758 shares during the period. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DAR. Piper Sandler decreased their price objective on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. TD Cowen cut their target price on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a research note on Friday, September 13th. Finally, Jefferies Financial Group raised their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.44.

Darling Ingredients Stock Down 5.7 %

DAR stock traded down $2.26 during midday trading on Tuesday, hitting $37.47. The company's stock had a trading volume of 6,325,579 shares, compared to its average volume of 2,137,124. The company has a market cap of $5.96 billion, a PE ratio of 23.13 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm's 50-day moving average is $38.95 and its 200-day moving average is $38.32.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients's quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, equities research analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

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.