816,913 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 816,913 shares of the company's stock, valued at approximately $30,545,000. Erste Asset Management GmbH owned approximately 0.51% of Darling Ingredients at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tidal Investments LLC bought a new stake in Darling Ingredients during the 1st quarter worth approximately $1,462,000. Algert Global LLC grew its holdings 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 in the last quarter. Natixis Advisors LLC raised its position in 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 buying an additional 20,323 shares during the last quarter. Jennison Associates LLC lifted 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 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 Darling Ingredients by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company's stock worth $50,210,000 after acquiring an additional 15,414 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

NYSE DAR traded up $0.01 during trading on Friday, reaching $40.53. The company's stock had a trading volume of 744,361 shares, compared to its average volume of 2,153,862. The firm has a fifty day moving average of $38.89 and a 200 day moving average of $38.39. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $51.36. The stock has a market capitalization of $6.45 billion, a PE ratio of 25.02 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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). The company 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%. The company's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

DAR has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. 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. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and a consensus target price of $53.44.

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.