7,702 Shares in Darling Ingredients Inc. (NYSE:DAR) Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,702 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares in the last quarter. Signaturefd LLC grew its stake in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

DAR opened at $40.05 on Tuesday. 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 company has a market cap of $6.37 billion, a PE ratio of 24.72 and a beta of 1.23. The stock has a 50-day moving average of $38.45 and a 200-day moving average of $38.52. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36.

Darling Ingredients (NYSE:DAR) last announced 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company earned $0.77 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DAR. Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. 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 research note on Friday, October 25th. TD Cowen cut their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

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.