Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 187,565 shares of the company's stock after acquiring an additional 33,672 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.12% of Darling Ingredients worth $6,970,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DAR. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company's stock valued at $192,445,000 after acquiring an additional 1,800,809 shares during the period. ING Groep NV boosted its position in shares of Darling Ingredients by 244.1% in the third quarter. ING Groep NV now owns 810,100 shares of the company's stock worth $30,103,000 after buying an additional 574,700 shares during the period. FMR LLC boosted its position in shares of Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock worth $123,528,000 after buying an additional 491,477 shares during the period. Earnest Partners LLC boosted its position in shares of Darling Ingredients by 14.0% in the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company's stock worth $140,725,000 after buying an additional 470,170 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Darling Ingredients by 2,842.2% in the third quarter. Citigroup Inc. now owns 465,985 shares of the company's stock worth $17,316,000 after buying an additional 450,147 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Down 2.5 %

NYSE DAR traded down $0.93 on Wednesday, hitting $36.54. 4,029,405 shares of the stock traded hands, compared to its average volume of 2,186,679. The stock has a 50-day moving average of $38.96 and a 200 day moving average of $38.28. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The company has a market capitalization of $5.81 billion, a P/E ratio of 23.13 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data 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). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company earned $0.77 EPS. The company's quarterly revenue was down 12.5% compared to the same quarter last year. As a group, analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAR has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Piper Sandler cut their price target 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. TD Cowen cut their price target on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a research note on Friday, September 13th. Finally, Jefferies Financial Group boosted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients Company 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.