8,971 Shares in Darling Ingredients Inc. $DAR Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC recently purchased 8,971 shares of Darling Ingredients Inc., valued at approximately $340,000, increasing institutional ownership to 94.44% of the company's stock.
• Darling Ingredients missed its earnings expectations for the last quarter, reporting $0.09 earnings per share against an estimated $0.12, with revenues of $1.48 billion compared to an expected $1.49 billion.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Darling Ingredients, with a price target averaging $43.57, despite mixed ratings from various firms.

Counterpoint Mutual Funds LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,971 shares of the company's stock, valued at approximately $340,000.

Other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC bought a new stake in Darling Ingredients during the first quarter worth $30,000. Hexagon Capital Partners LLC grew its holdings in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after buying an additional 500 shares in the last quarter. UMB Bank n.a. grew its holdings in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after buying an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in 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 last quarter. Institutional investors own 94.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DAR. Robert W. Baird reissued a "neutral" rating and issued a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Jefferies Financial Group boosted their price objective on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Baird R W cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on Darling Ingredients in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price objective on the stock. Finally, Piper Sandler cut their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Darling Ingredients Stock Down 1.2%

DAR stock opened at $31.15 on Thursday. 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 company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 47.19 and a beta of 1.16. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The stock has a fifty day moving average of $32.66 and a 200-day moving average of $32.89.

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

Insider Transactions at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.62% of the company's stock.

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.

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