KBC Group NV Decreases Holdings in Darling Ingredients Inc. $DAR

KBC Group NV lowered its position in Darling Ingredients Inc. (NYSE:DAR) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,364 shares of the company’s stock after selling 2,857 shares during the quarter. KBC Group NV’s holdings in Darling Ingredients were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DAR. Vanguard Group Inc. lifted its holdings in shares of Darling Ingredients by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after acquiring an additional 73,925 shares during the last quarter. Gates Capital Management Inc. lifted its stake in Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Darling Ingredients by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after purchasing an additional 1,026,958 shares during the last quarter. Earnest Partners LLC boosted its position in Darling Ingredients by 0.9% during the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock valued at $127,535,000 after buying an additional 36,085 shares during the period. Finally, Deutsche Bank AG boosted its position in Darling Ingredients by 2.4% during the first quarter. Deutsche Bank AG now owns 3,394,250 shares of the company’s stock valued at $106,036,000 after buying an additional 78,770 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

Shares of DAR stock opened at $34.70 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The firm has a market cap of $5.49 billion, a P/E ratio of 51.79, a P/E/G ratio of 2.35 and a beta of 1.30. The business’s 50 day moving average price is $32.14 and its 200-day moving average price is $33.45.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $0.11 EPS. Darling Ingredients’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America initiated coverage on Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. 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, UBS Group set a $50.00 price target on shares of Darling Ingredients in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.11.

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.