Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its position in Darling Ingredients Inc. (NYSE:DAR) by 350.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,421 shares of the company’s stock after acquiring an additional 34,560 shares during the period. National Bank of Canada FI’s holdings in Darling Ingredients were worth $1,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Darling Ingredients by 1,412.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after buying an additional 466 shares during the last quarter. Rise Advisors LLC acquired a new stake in Darling Ingredients during the 1st quarter valued at $25,000. Riverview Trust Co acquired a new stake in Darling Ingredients during the 1st quarter valued at $55,000. Parallel Advisors LLC grew its holdings in Darling Ingredients by 24.7% during the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after buying an additional 389 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Darling Ingredients by 56.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock valued at $100,000 after buying an additional 724 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DAR. Stifel Nicolaus reduced their price target on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. TD Cowen reduced their price target on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Jefferies Financial Group reduced their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, June 12th. Finally, Scotiabank cut their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Insider Activity

In other news, EVP Robert W. Day purchased 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the purchase, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Up 1.2 %

Shares of NYSE DAR opened at $34.39 on Thursday. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $62.68. The company has a market cap of $5.47 billion, a P/E ratio of 10.30 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average price of $38.26 and a 200 day moving average price of $40.70.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s revenue was down 17.2% on a year-over-year basis. During the same period last year, the firm earned $1.55 earnings per share. Research analysts anticipate that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

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.