Darling Ingredients Inc. $DAR Shares Bought by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Darling Ingredients Inc. by 21.2% in Q2, now holding 103,814 shares valued at approximately $3.96 million.
• Darling Ingredients reported a 10% increase in revenue year-over-year, totaling $1.56 billion, despite missing earnings per share expectations.
• Analysts have mixed ratings on Darling Ingredients, with a consensus rating of "Moderate Buy" and a price target averaging $45.00.

DekaBank Deutsche Girozentrale raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 21.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 103,814 shares of the company's stock after acquiring an additional 18,187 shares during the period. DekaBank Deutsche Girozentrale owned 0.07% of Darling Ingredients worth $3,962,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Koshinski Asset Management Inc. acquired a new position in Darling Ingredients in the 2nd quarter valued at $287,000. Turtle Creek Wealth Advisors LLC acquired a new position in Darling Ingredients in the 2nd quarter valued at $261,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth $1,793,000. CWM LLC increased its holdings in shares of Darling Ingredients by 33.2% during the 2nd quarter. CWM LLC now owns 13,446 shares of the company's stock worth $510,000 after buying an additional 3,349 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Darling Ingredients by 58.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,806 shares of the company's stock worth $789,000 after buying an additional 7,662 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on DAR. Bank of America assumed coverage on Darling Ingredients in a report on Wednesday, October 8th. They set a "buy" rating and a $45.00 price objective for the company. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Zacks Research cut shares of Darling Ingredients from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective on the stock. Finally, Jefferies Financial Group raised their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

Darling Ingredients Trading Down 0.4%

Darling Ingredients stock opened at $34.53 on Friday. The company has a 50 day moving average price of $32.07 and a 200 day moving average price of $33.12. 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 firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 51.54, a P/E/G ratio of 2.08 and a beta of 1.22.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $0.11 EPS. The company's revenue for the quarter was up 10.0% on a year-over-year basis. Research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is currently owned by insiders.

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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