Earnest Partners LLC Has $127.54 Million Stock Position in Darling Ingredients Inc. $DAR

Key Points

• Earnest Partners LLC increased its stake in Darling Ingredients Inc. by 0.9%, acquiring an additional 36,085 shares to a total of 4,082,416 shares, valued at approximately $127.5 million.
• Darling Ingredients reported a net margin of 1.85% and a return on equity of 2.35%, with earnings per share missing analysts' estimates in its most recent quarter.
• Over 94% of Darling Ingredients’ stock is held by institutional investors, indicating strong institutional interest in the company.

Earnest Partners LLC increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,082,416 shares of the company's stock after buying an additional 36,085 shares during the quarter. Earnest Partners LLC owned 2.58% of Darling Ingredients worth $127,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Peregrine Capital Management LLC lifted its position 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 worth $6,835,000 after buying an additional 30,952 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Darling Ingredients by 19.3% during the 1st 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 during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Darling Ingredients by 14.1% during the 1st 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 during the last quarter. GAMMA Investing LLC lifted its position in shares of Darling Ingredients by 6,187.6% during the 1st 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 during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Darling Ingredients during the 1st quarter worth $255,000. 94.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on DAR shares. Robert W. Baird restated a "neutral" rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Piper Sandler dropped 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. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. initiated coverage on Darling Ingredients in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.57.

Darling Ingredients Trading Down 1.1%

Shares of DAR stock traded down $0.39 on Friday, hitting $33.94. The company had a trading volume of 1,668,140 shares, compared to its average volume of 2,238,405. The firm has a market cap of $5.37 billion, a P/E ratio of 51.43 and a beta of 1.19. The stock's 50-day moving average is $34.77 and its two-hundred day moving average is $33.52. 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 Inc. has a twelve month low of $26.00 and a twelve month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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 company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other 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 value of $1,082,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.62% of the company's stock.

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.