Raiffeisen Bank International AG reduced its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 445,509 shares of the company's stock after selling 67,788 shares during the quarter. Raiffeisen Bank International AG owned about 0.28% of Darling Ingredients worth $14,056,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of DAR. Xponance Inc. grew its holdings in shares of Darling Ingredients by 2.0% in the 1st quarter. Xponance Inc. now owns 20,183 shares of the company's stock valued at $631,000 after buying an additional 393 shares during the period. State of Michigan Retirement System lifted its stake in shares of Darling Ingredients by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 38,074 shares of the company's stock worth $1,189,000 after buying an additional 400 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Darling Ingredients by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after buying an additional 440 shares during the period. Spire Wealth Management grew its stake in Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock valued at $88,000 after buying an additional 468 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Darling Ingredients by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock valued at $581,000 after acquiring an additional 470 shares during the period. 94.44% of the stock is owned by institutional investors.
Darling Ingredients Price Performance
Shares of DAR opened at $31.59 on Friday. The stock has a market cap of $5.00 billion, a P/E ratio of 47.86 and a beta of 1.19. The business's fifty day moving average is $35.29 and its 200 day moving average is $34.20. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49.
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 analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.37%. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the previous year, the firm earned $0.49 EPS. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Piper Sandler dropped their price target 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. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Robert W. Baird reissued 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, Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and an average target price of $45.86.
Check Out Our Latest Analysis on DAR
Darling Ingredients Profile
(
Free Report)
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.
See Also
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