Erste Asset Management GmbH Has $23.55 Million Stock Holdings in Darling Ingredients Inc. $DAR

Key Points

• Erste Asset Management GmbH has reduced its stake in Darling Ingredients Inc. by 7.5%, selling 60,014 shares and holding approximately 0.47% of the company worth $23.5 million at the end of the recent quarter.
• Analysts are mixed on Darling Ingredients, with Robert W. Baird lowering its price target from $40 to $36, while Jefferies Financial Group increased its target from $45 to $46, indicating a consensus rating of "Moderate Buy" with a target of $45.86.
• CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients for over $1 million, resulting in a 4.29% decrease in his ownership stake, which now totals 781,437 shares.

Erste Asset Management GmbH trimmed its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 744,164 shares of the company's stock after selling 60,014 shares during the period. Erste Asset Management GmbH owned approximately 0.47% of Darling Ingredients worth $23,548,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Guggenheim Capital LLC boosted its stake in Darling Ingredients by 11.7% during the fourth quarter. Guggenheim Capital LLC now owns 21,778 shares of the company's stock valued at $734,000 after buying an additional 2,285 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Darling Ingredients by 54.8% in the 4th quarter. GeoWealth Management LLC now owns 6,185 shares of the company's stock valued at $208,000 after acquiring an additional 2,189 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after purchasing an additional 791,157 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Darling Ingredients by 9.1% during the 4th quarter. MetLife Investment Management LLC now owns 89,648 shares of the company's stock valued at $3,020,000 after purchasing an additional 7,466 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Darling Ingredients by 65.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,611 shares of the company's stock worth $324,000 after purchasing an additional 3,817 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on DAR. Piper Sandler cut 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. 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 on the stock. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Robert W. Baird restated a "neutral" rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Jefferies Financial Group boosted their price objective on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Darling Ingredients presently has an average rating of "Moderate Buy" and an average target price of $43.57.

Insider Activity at Darling Ingredients

In related 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 directly owned 781,437 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Up 3.1%

DAR stock traded up $1.0740 during trading hours on Monday, hitting $35.8940. The company's stock had a trading volume of 1,033,018 shares, compared to its average volume of 2,361,728. The company has a market capitalization of $5.68 billion, a PE ratio of 54.42 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The stock has a 50 day moving average price of $35.16 and a two-hundred day moving average price of $33.66. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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 the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. Darling Ingredients's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.