Universal Beteiligungs und Servicegesellschaft mbH Takes $559,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH made a new investment in Darling Ingredients Inc., acquiring 17,880 shares worth approximately $559,000 in the first quarter.
• Darling Ingredients reported a miss in earnings for the recent quarter, posting $0.09 EPS compared to an expected $0.12, while revenue increased by 1.8% year-over-year.
• Brokerage analysts have varied ratings on Darling Ingredients, with four holding a "hold" rating and five giving a "buy" rating, resulting in a consensus rating of "Moderate Buy" and a price target of $45.86.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,880 shares of the company's stock, valued at approximately $559,000.

Several other institutional investors also recently made changes to their positions in the stock. Xponance Inc. raised its position in shares of Darling Ingredients by 2.0% during the 1st quarter. Xponance Inc. now owns 20,183 shares of the company's stock valued at $631,000 after acquiring an additional 393 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Darling Ingredients by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 38,074 shares of the company's stock worth $1,189,000 after purchasing an additional 400 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Darling Ingredients by 0.6% in 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 purchasing an additional 440 shares during the last quarter. Spire Wealth Management boosted its position in shares of Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after buying an additional 468 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Darling Ingredients by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock worth $581,000 after buying an additional 470 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 3.9%

DAR stock traded down $1.25 on Wednesday, reaching $30.46. 789,526 shares of the company traded hands, compared to its average volume of 2,371,952. The company has a market cap of $4.82 billion, a P/E ratio of 46.25 and a beta of 1.19. The firm has a fifty day simple moving average of $35.28 and a 200-day simple moving average of $34.13. 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 1.40 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 2.37%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The company's revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAR. Piper Sandler cut their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, July 28th. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Citigroup dropped their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Finally, TD Cowen dropped their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.