BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Position in Darling Ingredients Inc. (NYSE:DAR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 16.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,670 shares of the company's stock after purchasing an additional 61,226 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.28% of Darling Ingredients worth $16,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake 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 buying an additional 288 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in 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 during the last quarter. Signaturefd LLC boosted its stake in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after purchasing an additional 386 shares during the last quarter. Corbyn Investment Management Inc. MD lifted its holdings in shares of Darling Ingredients by 1.6% during the third 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 in the last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its position in shares of Darling Ingredients by 11.1% during the third quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company's stock valued at $184,000 after buying an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

DAR stock traded down $1.03 during trading on Friday, reaching $40.13. The company's stock had a trading volume of 2,463,156 shares, compared to its average volume of 2,196,437. The company's fifty day moving average is $38.45 and its 200-day moving average is $38.52. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36. The company has a market capitalization of $6.38 billion, a P/E ratio of 24.77 and a beta of 1.23. 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 earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $0.77 EPS. The firm's revenue for the quarter was down 12.5% compared to the same quarter last year. On average, research analysts expect 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 recent analyst reports. TD Cowen decreased their target price 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. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Piper Sandler cut their price objective on shares of 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.