Harber Asset Management LLC Raises Position in Darling Ingredients Inc. $DAR

Key Points

• Harber Asset Management LLC increased its stake in Darling Ingredients Inc. by 10.4%, acquiring an additional 24,354 shares, bringing its total holdings to 258,567 shares, valued at approximately $8,078,000.
• Several institutional investors, including Vanguard and Dimensional Fund Advisors, have also increased their stakes in Darling Ingredients, with 94.44% of the company's stock owned by institutional investors.
• Analysts have mixed ratings for Darling Ingredients, with one "Strong Buy," five "Buy," and three "Hold," and a consensus average price target of $43.57.

Harber Asset Management LLC raised its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 258,567 shares of the company's stock after buying an additional 24,354 shares during the period. Darling Ingredients accounts for 2.9% of Harber Asset Management LLC's investment portfolio, making the stock its 16th biggest holding. Harber Asset Management LLC owned 0.16% of Darling Ingredients worth $8,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients in the 4th quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Darling Ingredients in the 1st quarter valued at about $30,000. Hexagon Capital Partners LLC grew its position in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after acquiring an additional 500 shares during the period. UMB Bank n.a. grew its position in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after acquiring an additional 1,373 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after acquiring an additional 1,038 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Down 3.2%

NYSE:DAR traded down $1.04 during mid-day trading on Wednesday, hitting $31.91. 2,277,471 shares of the company's stock were exchanged, compared to its average volume of 2,367,407. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The business has a fifty day moving average price of $34.57 and a 200 day moving average price of $33.42. The company has a market cap of $5.05 billion, a PE ratio of 48.34 and a beta of 1.16.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $0.49 EPS. The company's revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. 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 report on Monday, July 28th. Robert W. Baird reissued a "neutral" rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, July 7th. 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.57.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients stock in a transaction dated 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 transaction, the chief executive officer directly owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.07% of the company's stock.

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.