MidWestOne Financial Group Inc. Acquires 15,182 Shares of Darling Ingredients Inc. (NYSE:DAR)

MidWestOne Financial Group Inc. grew its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 48.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,367 shares of the company's stock after acquiring an additional 15,182 shares during the quarter. MidWestOne Financial Group Inc.'s holdings in Darling Ingredients were worth $1,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAR. Algert Global LLC grew its stake in Darling Ingredients by 266.6% during the third quarter. Algert Global LLC now owns 103,871 shares of the company's stock worth $3,860,000 after buying an additional 75,540 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at about $30,545,000. Natixis Advisors LLC raised its position in shares of Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock valued at $4,010,000 after acquiring an additional 20,323 shares during the period. Jennison Associates LLC boosted its stake in Darling Ingredients by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company's stock worth $40,635,000 after acquiring an additional 42,921 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in 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 valued at $50,210,000 after purchasing an additional 15,414 shares during the period. 94.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DAR. TD Cowen dropped their price objective 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. 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 report on Wednesday, October 30th. 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 report on Friday, October 25th. Finally, Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients Stock Up 1.8 %

Shares of NYSE:DAR traded up $0.66 during trading on Tuesday, hitting $36.90. 1,315,132 shares of the company were exchanged, compared to its average volume of 2,191,014. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 22.37 and a beta of 1.19. The firm has a fifty day moving average price of $38.90 and a two-hundred day moving average price of $38.11. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The firm's quarterly revenue was down 12.5% on a year-over-year basis. As a group, research analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Darling Ingredients 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.