UNIVEST FINANCIAL Corp Grows Holdings in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• UNIVEST FINANCIAL Corp increased its investment in Darling Ingredients Inc. by 42.9% during the first quarter, owning 53,564 shares valued at $1,673,000.
• Research firms have issued mixed ratings for Darling Ingredients, with TD Cowen lowering its price target while Tudor Pickering upgraded it to a "strong-buy," reflecting differing outlooks on the stock.
• Darling Ingredients reported a net margin of 1.85% and an EPS of $0.09 for the latest quarter, missing analysts' expectations and showing a decline from the previous year's earnings per share of $0.49.

UNIVEST FINANCIAL Corp lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,564 shares of the company's stock after purchasing an additional 16,084 shares during the period. UNIVEST FINANCIAL Corp's holdings in Darling Ingredients were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Xponance Inc. increased its stake in 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 last quarter. State of Michigan Retirement System lifted its holdings in Darling Ingredients by 1.1% during the first quarter. State of Michigan Retirement System now owns 38,074 shares of the company's stock valued at $1,189,000 after purchasing an additional 400 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Darling Ingredients by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock valued at $2,348,000 after acquiring an additional 440 shares during the last quarter. Spire Wealth Management boosted its stake in Darling Ingredients by 19.8% in 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 in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Darling Ingredients by 2.6% in the first 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. Institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Citigroup dropped their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. 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. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.86.

Darling Ingredients Trading Up 0.4%

Shares of NYSE DAR traded up $0.14 during mid-day trading on Monday, reaching $31.63. The company had a trading volume of 1,651,177 shares, compared to its average volume of 2,262,997. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 47.92 and a beta of 1.19. The business's 50-day moving average is $35.29 and its 200-day moving average is $34.14. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49.

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 for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.37%. Darling Ingredients's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. Equities analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.