Edmond DE Rothschild Holding S.A. Has $22.46 Million Stake in Darling Ingredients Inc. $DAR

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Darling Ingredients Inc. by 10.7% in Q1, resulting in ownership of approximately 0.45% of the company, valued at $22.46 million.
• Darling Ingredients reported Q2 earnings of $0.09 per share, missing estimates by $0.03, with revenue of $1.48 billion, slightly below expectations.
• Analysts show mixed sentiment, with reports indicating one Strong Buy, five Buy, and three Hold ratings, while the average price target stands at $43.57.

Edmond DE Rothschild Holding S.A. boosted its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,828 shares of the company's stock after acquiring an additional 69,300 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.45% of Darling Ingredients worth $22,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DAR. Vanguard Group Inc. boosted 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 buying an additional 73,925 shares during the period. Gates Capital Management Inc. grew its holdings in shares of Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company's stock valued at $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Darling Ingredients by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock worth $233,701,000 after purchasing an additional 1,026,958 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted 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 worth $148,005,000 after purchasing an additional 2,627,785 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of Darling Ingredients by 0.9% in the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company's stock worth $127,535,000 after purchasing an additional 36,085 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

DAR stock traded up $0.37 on Tuesday, reaching $31.57. 1,108,011 shares of the company were exchanged, compared to its average volume of 2,358,669. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The firm has a market capitalization of $4.99 billion, a PE ratio of 47.81 and a beta of 1.16. The stock's fifty day moving average price is $34.06 and its 200 day moving average price is $33.14. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 net margin of 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $0.49 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of analyst reports. Piper Sandler reduced their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, July 28th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 target price on the stock. Robert W. Baird restated a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares in the company, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.07% of the stock is currently owned by corporate insiders.

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.