Ballentine Partners LLC Acquires 1,874 Shares of Darling Ingredients Inc. (NYSE:DAR)

Ballentine Partners LLC boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 19.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,355 shares of the company’s stock after acquiring an additional 1,874 shares during the period. Ballentine Partners LLC’s holdings in Darling Ingredients were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Algert Global LLC raised its position in shares of Darling Ingredients by 266.6% in the third quarter. Algert Global LLC now owns 103,871 shares of the company’s stock valued at $3,860,000 after buying an additional 75,540 shares in the last quarter. Natixis Advisors LLC increased its stake in Darling Ingredients by 23.2% during the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock worth $4,010,000 after acquiring an additional 20,323 shares during the period. Erste Asset Management GmbH acquired a new position in Darling Ingredients in the 3rd quarter valued at $30,545,000. Jennison Associates LLC lifted its position in shares of Darling Ingredients by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock valued at $40,635,000 after acquiring an additional 42,921 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $36.13 on Friday. Darling Ingredients Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $48.39. The stock has a market cap of $5.75 billion, a PE ratio of 22.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm’s fifty day moving average price is $36.62 and its two-hundred day moving average price is $37.54.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $0.77 EPS. Darling Ingredients’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday. Finally, Piper Sandler cut their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.67.

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.