Darling Ingredients Inc. (NYSE:DAR) Stake Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in Darling Ingredients Inc. (NYSE:DAR) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,450 shares of the company’s stock after acquiring an additional 706 shares during the period. PNC Financial Services Group Inc.’s holdings in Darling Ingredients were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its holdings in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock valued at $62,000 after acquiring an additional 500 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after acquiring an additional 1,373 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock valued at $64,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Darling Ingredients by 19.8% in the first quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock valued at $88,000 after acquiring an additional 468 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 0.7%

DAR stock opened at $31.15 on Friday. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 47.20 and a beta of 1.19. The company has a 50 day moving average of $35.26 and a two-hundred day moving average of $33.86.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler cut their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 28th. TD Cowen cut their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, April 25th. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Robert W. Baird reissued a “neutral” rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Finally, Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.86.

Darling Ingredients 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.