Geode Capital Management LLC Grows Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Geode Capital Management LLC raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,739,621 shares of the company's stock after purchasing an additional 36,618 shares during the quarter. Geode Capital Management LLC owned 1.72% of Darling Ingredients worth $101,830,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Algert Global LLC lifted its holdings in Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company's stock valued at $3,860,000 after buying an additional 75,540 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Darling Ingredients by 23.2% during the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock worth $4,010,000 after acquiring an additional 20,323 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $30,545,000. Jennison Associates LLC raised its stake in shares of Darling Ingredients by 4.1% during the third quarter. Jennison Associates LLC now owns 1,093,516 shares of the company's stock valued at $40,635,000 after acquiring an additional 42,921 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Darling Ingredients by 1.1% in 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Piper Sandler decreased their price objective on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, October 11th. TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, September 13th. Finally, Jefferies Financial Group raised their target price 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.44.

Darling Ingredients Stock Down 0.2 %

DAR traded down $0.06 on Thursday, hitting $33.63. The company had a trading volume of 3,442,037 shares, compared to its average volume of 2,200,937. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 20.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a fifty day moving average price of $38.73 and a 200-day moving average price of $37.87. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.12.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (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 analysts' expectations of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm's quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Analysts predict that Darling Ingredients Inc. will post 1.88 EPS 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.