Barclays PLC Increases Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Barclays PLC increased its position in Darling Ingredients Inc. (NYSE:DARFree Report) by 14.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,499 shares of the company’s stock after acquiring an additional 24,379 shares during the quarter. Barclays PLC owned about 0.12% of Darling Ingredients worth $10,203,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $26,000. Millburn Ridgefield Corp purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $31,000. IFP Advisors Inc raised its stake in shares of Darling Ingredients by 38.9% during the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock worth $44,000 after acquiring an additional 193 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $38,000. Finally, Signaturefd LLC increased its stake in shares of Darling Ingredients by 42.8% in the second quarter. Signaturefd LLC now owns 814 shares of the company’s stock worth $52,000 after buying an additional 244 shares during the period. 89.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Patrick Mcnutt purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $41.88 per share, for a total transaction of $50,256.00. Following the purchase, the executive vice president now directly owns 13,947 shares in the company, valued at approximately $584,100.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Darling Ingredients news, EVP Patrick Mcnutt bought 1,200 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $41.88 per share, with a total value of $50,256.00. Following the transaction, the executive vice president now owns 13,947 shares in the company, valued at $584,100.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Manzi bought 1,025 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was acquired at an average cost of $43.38 per share, with a total value of $44,464.50. Following the transaction, the chief accounting officer now owns 6,978 shares in the company, valued at approximately $302,705.64. The disclosure for this purchase can be found here. Insiders have bought a total of 16,288 shares of company stock worth $715,604 in the last quarter. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the topic of several analyst reports. TheStreet downgraded shares of Darling Ingredients from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Stephens decreased their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Tudor, Pickering, Holt & Co. downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Citigroup started coverage on shares of Darling Ingredients in a report on Thursday, February 1st. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of Darling Ingredients from $123.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.90.

Read Our Latest Stock Analysis on DAR

Darling Ingredients Stock Performance

Shares of DAR stock opened at $42.01 on Wednesday. Darling Ingredients Inc. has a 12 month low of $38.97 and a 12 month high of $71.60. The stock has a market cap of $6.70 billion, a PE ratio of 9.50 and a beta of 1.30. The company has a current ratio of 1.78, a quick ratio of 0.99 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average price is $46.35 and its 200-day moving average price is $51.14.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.11). The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.75 billion. Darling Ingredients had a return on equity of 17.53% and a net margin of 10.37%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. On average, equities analysts expect that Darling Ingredients Inc. will post 4.17 EPS for the current fiscal year.

Darling Ingredients Company 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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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