ASR Vermogensbeheer N.V. Takes $14.65 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• ASR Vermogensbeheer N.V. has made a significant investment of approximately $14.65 million in Darling Ingredients Inc., acquiring 468,993 shares in the first quarter.
• Institutional investors hold around 94.44% of Darling Ingredients' stock, indicating strong institutional confidence in the company.
• Analysts have a mixed outlook on Darling Ingredients, with an average rating of "Moderate Buy" and an average target price of $45.86 for the stock.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 468,993 shares of the company's stock, valued at approximately $14,651,000. ASR Vermogensbeheer N.V. owned 0.30% of Darling Ingredients at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Darling Ingredients by 148.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after acquiring an additional 2,627,785 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after purchasing an additional 791,157 shares during the period. Gates Capital Management Inc. raised its stake in shares of Darling Ingredients by 11.4% during the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock valued at $224,660,000 after purchasing an additional 682,529 shares during the period. FMR LLC lifted its holdings in Darling Ingredients by 17.9% during the 4th quarter. FMR LLC now owns 3,919,542 shares of the company's stock worth $132,049,000 after purchasing an additional 595,325 shares in the last quarter. Finally, Atlantic Investment Management Inc. bought a new position in Darling Ingredients in the 4th quarter worth about $19,845,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

DAR stock traded down $0.06 during midday trading on Friday, reaching $30.63. The company had a trading volume of 1,707,422 shares, compared to its average volume of 2,251,698. The firm has a 50-day moving average price of $35.23 and a 200-day moving average price of $34.02. The company has a market capitalization of $4.85 billion, a P/E ratio of 46.41 and a beta of 1.19. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the topic of several analyst reports. TD Cowen decreased their price target on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Piper Sandler lowered their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.86.

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.