Darling Ingredients Inc. (NYSE:DAR) is Southernsun Asset Management LLC's 3rd Largest Position

Southernsun Asset Management LLC increased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,487,458 shares of the company's stock after acquiring an additional 154,038 shares during the period. Darling Ingredients comprises 6.6% of Southernsun Asset Management LLC's investment portfolio, making the stock its 3rd biggest position. Southernsun Asset Management LLC owned approximately 0.94% of Darling Ingredients worth $55,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company's stock worth $199,096,000 after acquiring an additional 289,407 shares in the last quarter. Systematic Financial Management LP acquired a new position in Darling Ingredients in the third quarter valued at approximately $476,000. Quantinno Capital Management LP boosted its holdings in Darling Ingredients by 12.2% in the third quarter. Quantinno Capital Management LP now owns 10,797 shares of the company's stock valued at $401,000 after purchasing an additional 1,176 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Darling Ingredients in the 3rd quarter valued at $528,000. Finally, Point72 Asset Management L.P. increased its position in shares of Darling Ingredients by 209.2% during the third quarter. Point72 Asset Management L.P. now owns 495,424 shares of the company's stock worth $18,410,000 after purchasing an additional 335,173 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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 stock an "overweight" rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. TD Cowen lowered their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, September 13th. Finally, Piper Sandler reduced 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.44.

Darling Ingredients Trading Down 0.6 %

Darling Ingredients stock traded down $0.21 during trading on Friday, hitting $35.36. The company's stock had a trading volume of 541,395 shares, compared to its average volume of 2,181,966. The stock's fifty day moving average is $38.96 and its 200 day moving average is $38.25. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.36. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 21.96 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.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 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% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. As a group, equities research analysts predict that Darling Ingredients Inc. will post 1.88 EPS for the current year.

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.