Russell Investments Group Ltd. Boosts Stake in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Russell Investments Group Ltd. increased its stake in Darling Ingredients Inc. by 9.9%, now owning 653,959 shares worth approximately $20.5 million.
• Darling Ingredients reported a net margin of 1.85% and earnings of $0.09 per share for the last quarter, missing analysts' expectations of $0.12.
• Despite the recent earnings miss, Darling Ingredients maintains a consensus rating of "Moderate Buy" from analysts with an average price target of $45.86.

Russell Investments Group Ltd. lifted its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,959 shares of the company's stock after purchasing an additional 58,696 shares during the quarter. Russell Investments Group Ltd. owned 0.41% of Darling Ingredients worth $20,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DAR. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients in the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Darling Ingredients in the first quarter worth $30,000. Hexagon Capital Partners LLC raised its stake in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after purchasing an additional 500 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Up 0.7%

Shares of DAR stock opened at $31.15 on Friday. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The firm has a fifty day moving average price of $35.26 and a 200-day moving average price of $33.86. 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 company has a market cap of $4.93 billion, a price-to-earnings ratio of 47.20 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.85% and a return on equity of 2.35%. 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. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Piper Sandler lowered their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a report on Friday, April 25th. Robert W. Baird reissued a "neutral" rating and issued a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $45.86.

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.

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