Darling Ingredients Inc. $DAR Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Darling Ingredients Inc. by 28.0%, owning approximately 155,514 shares valued at about $4.86 million as of the last reporting period.
• The company's recent quarterly earnings report showed $0.09 earnings per share, missing expectations, and a revenue of $1.48 billion, slightly below estimates.
• Major institutional investors collectively own 94.44% of Darling Ingredients' stock, with several firms adjusting their positions, indicating strong investor interest.

Credit Agricole S A raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 28.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,514 shares of the company's stock after purchasing an additional 34,009 shares during the period. Credit Agricole S A owned about 0.10% of Darling Ingredients worth $4,858,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DAR. Vanguard Group Inc. increased its holdings in shares of Darling Ingredients by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company's stock valued at $488,654,000 after acquiring an additional 73,925 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock valued at $233,701,000 after acquiring an additional 1,026,958 shares during the last quarter. Gates Capital Management Inc. increased its holdings in shares of Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock valued at $224,660,000 after acquiring an additional 682,529 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock valued at $148,005,000 after acquiring an additional 2,627,785 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Darling Ingredients by 2.4% in the 1st quarter. Deutsche Bank AG now owns 3,394,250 shares of the company's stock valued at $106,036,000 after acquiring an additional 78,770 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DAR shares. Robert W. Baird reiterated a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Piper Sandler lowered their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. started coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price target for the company. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group upped their price objective on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.57.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $1.1560 on Monday, hitting $35.9760. The company's stock had a trading volume of 2,943,344 shares, compared to its average volume of 2,101,182. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 54.51 and a beta of 1.19. The stock's 50-day moving average is $35.11 and its two-hundred day moving average is $33.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50.

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

Darling Ingredients 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.