Private Management Group Inc. Boosts Position in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Private Management Group Inc. has increased its stake in Darling Ingredients by 13.6%, now owning approximately $30.42 million worth of shares.
• Major institutional investors have also raised their holdings, with 94.44% of Darling Ingredients stock currently owned by institutional investors and hedge funds.
• Analysts have varied opinions on Darling Ingredients, with upgrades resulting in an average rating of "Moderate Buy" and a consensus target price of $46.14.

Private Management Group Inc. raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 13.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 973,657 shares of the company's stock after purchasing an additional 116,846 shares during the period. Darling Ingredients accounts for about 1.1% of Private Management Group Inc.'s portfolio, making the stock its 28th largest position. Private Management Group Inc. owned 0.62% of Darling Ingredients worth $30,417,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Darling Ingredients by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock valued at $524,486,000 after buying an additional 203,921 shares in the last quarter. Gates Capital Management Inc. boosted its holdings in shares of Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock valued at $224,660,000 after buying an additional 682,529 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Darling Ingredients by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after buying an additional 791,157 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted 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 valued at $148,005,000 after buying an additional 2,627,785 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Darling Ingredients by 17.9% in the 4th quarter. FMR LLC now owns 3,919,542 shares of the company's stock valued at $132,049,000 after buying an additional 595,325 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

DAR traded down $1.02 during trading on Tuesday, reaching $33.34. 531,042 shares of the company's stock were exchanged, compared to its average volume of 2,391,743. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. The stock has a market capitalization of $5.27 billion, a P/E ratio of 50.49 and a beta of 1.23. The company's fifty day simple moving average is $35.26 and its 200-day simple moving average is $34.30.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.37% and a net margin of 1.85%. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The business's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday. Piper Sandler lowered their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $45.86.

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.