Dimensional Fund Advisors LP Acquires 1,026,958 Shares of Darling Ingredients Inc. $DAR

Key Points

• Dimensional Fund Advisors LP increased its holdings in Darling Ingredients Inc. by 15.9%, owning approximately 7.48 million shares valued at $233.7 million.
• CEO Randall C. Stuewe sold 35,000 shares at an average price of $30.92, reducing his ownership by 4.29% to 781,437 shares.
• Darling Ingredients' stock recently traded at $30.80, a decrease of 0.7%, and the company reported earnings per share of $0.09, missing the consensus estimate of $0.12.

Dimensional Fund Advisors LP lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,480,803 shares of the company's stock after purchasing an additional 1,026,958 shares during the quarter. Dimensional Fund Advisors LP owned 4.73% of Darling Ingredients worth $233,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC raised its stake in shares of Darling Ingredients by 16.5% during the 1st quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company's stock valued at $6,835,000 after purchasing an additional 30,952 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Darling Ingredients by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company's stock worth $953,000 after buying an additional 4,933 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Darling Ingredients by 14.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company's stock worth $4,821,000 after buying an additional 19,113 shares in the last quarter. GAMMA Investing LLC grew its position in Darling Ingredients by 6,187.6% during the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company's stock worth $2,063,000 after buying an additional 63,423 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in Darling Ingredients during the first quarter worth about $255,000. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler reduced their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Jefferies Financial Group boosted their target price on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, TD Cowen reduced their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.57.

Darling Ingredients Trading Up 9.3%

DAR stock traded up $2.9580 during trading on Friday, hitting $34.7780. 5,291,981 shares of the company traded hands, compared to its average volume of 1,992,435. The firm has a market capitalization of $5.50 billion, a PE ratio of 52.69 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 50-day moving average of $35.16 and a 200-day moving average of $33.71. 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 issued its 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 company 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 company's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.62% of the stock is owned by insiders.

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.