Perpetual Ltd Buys 456,482 Shares of Darling Ingredients Inc. (NYSE:DAR)

Perpetual Ltd raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 2,200.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 477,225 shares of the company's stock after acquiring an additional 456,482 shares during the quarter. Perpetual Ltd owned about 0.30% of Darling Ingredients worth $16,078,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DAR. Ballentine Partners LLC boosted its position in shares of Darling Ingredients by 19.8% in the 4th quarter. Ballentine Partners LLC now owns 11,355 shares of the company's stock worth $383,000 after purchasing an additional 1,874 shares during the last quarter. Trium Capital LLP bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $181,000. Avanza Fonder AB bought a new position in Darling Ingredients in the fourth quarter valued at approximately $145,000. Covea Finance boosted its stake in Darling Ingredients by 16.4% in the 4th quarter. Covea Finance now owns 64,000 shares of the company's stock worth $2,156,000 after purchasing an additional 9,000 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after buying an additional 1,235,985 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

NYSE:DAR traded down $1.22 during trading hours on Tuesday, reaching $35.42. 2,272,014 shares of the company were exchanged, compared to its average volume of 1,953,385. The business has a 50 day moving average of $36.76 and a 200 day moving average of $37.56. Darling Ingredients Inc. has a 1-year low of $32.55 and a 1-year high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $5.63 billion, a P/E ratio of 21.86 and a beta of 1.21.

Darling Ingredients (NYSE:DAR - Get Free Report) last released 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 analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Research analysts forecast that Darling Ingredients Inc. will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

DAR has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on 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 lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of "Moderate Buy" and a consensus price target 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.