Principal Financial Group Inc. Trims Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Principal Financial Group Inc. decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,570,131 shares of the company's stock after selling 75,258 shares during the period. Principal Financial Group Inc. owned 0.99% of Darling Ingredients worth $58,346,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company's stock worth $192,445,000 after acquiring an additional 1,800,809 shares during the period. Paloma Partners Management Co lifted its holdings in Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company's stock worth $32,597,000 after purchasing an additional 838,047 shares in the last quarter. Erste Asset Management GmbH bought a new position in Darling Ingredients in the 3rd quarter worth approximately $30,545,000. ING Groep NV grew its holdings in Darling Ingredients by 244.1% during the 3rd quarter. ING Groep NV now owns 810,100 shares of the company's stock valued at $30,103,000 after buying an additional 574,700 shares in the last quarter. Finally, FMR LLC raised its position in shares of Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after buying an additional 491,477 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DAR shares. TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research report on Friday, September 13th. Jefferies Financial Group raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Trading Up 1.0 %

NYSE DAR traded up $0.32 during trading hours on Monday, hitting $33.38. 1,577,021 shares of the company were exchanged, compared to its average volume of 2,206,004. Darling Ingredients Inc. has a 52 week low of $32.55 and a 52 week high of $51.12. 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 stock has a 50-day moving average price of $38.54 and a 200 day moving average price of $37.76. The stock has a market cap of $5.31 billion, a PE ratio of 20.60 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the firm posted $0.77 EPS. Darling Ingredients's revenue for the quarter was down 12.5% compared to the same quarter last year. Analysts forecast 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.