Zurcher Kantonalbank Zurich Cantonalbank Has $2.12 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,098 shares of the company's stock after selling 15,243 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Darling Ingredients were worth $2,122,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company's stock valued at $192,445,000 after purchasing an additional 1,800,809 shares during the period. Earnest Partners LLC increased its stake 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 acquiring an additional 470,170 shares during the last quarter. FMR LLC increased its stake 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 acquiring an additional 491,477 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Darling Ingredients by 1.1% in the second 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. Finally, Handelsbanken Fonder AB increased its stake in shares of Darling Ingredients by 0.5% in the third quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company's stock worth $44,741,000 after acquiring an additional 6,200 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DAR shares. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Piper Sandler lowered their target price 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. 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, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Price Performance

NYSE:DAR traded down $2.04 during mid-day trading on Wednesday, hitting $35.43. The company's stock had a trading volume of 2,048,747 shares, compared to its average volume of 2,177,740. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 23.13 and a beta of 1.19. The stock has a fifty day moving average of $38.96 and a 200-day moving average of $38.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm 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 quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. As a group, equities analysts forecast that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

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.