Earnest Partners LLC Purchases 36,085 Shares of Darling Ingredients Inc. $DAR

Earnest Partners LLC raised its position in Darling Ingredients Inc. (NYSE:DAR) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,082,416 shares of the company’s stock after buying an additional 36,085 shares during the quarter. Earnest Partners LLC owned about 2.58% of Darling Ingredients worth $127,535,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients in the fourth quarter valued at $25,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Darling Ingredients during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC raised its stake in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock valued at $62,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. raised its stake in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after purchasing an additional 1,373 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after purchasing an additional 1,038 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.07% of the company’s stock.

Darling Ingredients Price Performance

DAR opened at $34.45 on Wednesday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 52.20 and a beta of 1.19. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The stock has a 50-day moving average price of $35.03 and a 200-day moving average price of $33.64. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler decreased their price objective on Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, July 28th. Tudor Pickering upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Jefferies Financial Group upped their target price on Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. started coverage on Darling Ingredients in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 target price on the stock. Finally, Robert W. Baird restated a “neutral” rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.57.

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.