104,562 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd acquired 104,562 shares of Darling Ingredients Inc. valued at approximately $3,267,000 during Q1, representing about 0.07% of the company.
• Darling Ingredients reported a Q2 EPS of $0.09, missing the analysts' consensus estimate of $0.12, with revenues of $1.48 billion against the expected $1.49 billion.
• Multiple institutional investors have increased their stakes in Darling Ingredients, with hedge funds and institutional investors owning 94.44% of the company's stock.

S Bank Fund Management Ltd purchased a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,562 shares of the company's stock, valued at approximately $3,267,000. S Bank Fund Management Ltd owned 0.07% of Darling Ingredients at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Darling Ingredients in the first quarter worth approximately $30,000. Hexagon Capital Partners LLC boosted its position in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. boosted its position in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DAR shares. Baird R W lowered shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Robert W. Baird restated a "neutral" rating and set a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. TD Cowen dropped their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Finally, Piper Sandler dropped their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and an average price target of $45.86.

Darling Ingredients Price Performance

DAR stock traded down $1.09 during trading on Thursday, hitting $30.96. 1,630,102 shares of the company's stock traded hands, compared to its average volume of 2,187,650. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The business has a fifty day simple moving average of $35.25 and a 200 day simple moving average of $33.89. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 46.91 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $0.49 EPS. Darling Ingredients's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.