State Street Corp Buys 289,407 Shares of Darling Ingredients Inc. (NYSE:DAR)

State Street Corp raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,357,815 shares of the company's stock after purchasing an additional 289,407 shares during the quarter. State Street Corp owned approximately 3.37% of Darling Ingredients worth $199,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of 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 during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Darling Ingredients by 2.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company's stock worth $446,000 after buying an additional 310 shares in the last quarter. Signaturefd LLC boosted its position in Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after buying an additional 386 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company's stock valued at $283,000 after buying an additional 412 shares during the period. Finally, Corbyn Investment Management Inc. MD raised its position 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 worth $1,103,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Wall Street Analyst Weigh In

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

Darling Ingredients Trading Down 1.1 %

NYSE DAR traded down $0.39 during trading on Friday, reaching $35.10. 1,491,905 shares of the stock traded hands, compared to its average volume of 2,189,816. The stock's 50-day moving average price is $38.88 and its 200 day moving average price is $38.02. 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 market cap of $5.58 billion, a price-to-earnings ratio of 21.67 and a beta of 1.19. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR - Get Free Report) last released 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). The firm had revenue of $1.42 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current 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.