Avanza Fonder AB Makes New $145,000 Investment in Darling Ingredients Inc. (NYSE:DAR)

Avanza Fonder AB bought a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,311 shares of the company’s stock, valued at approximately $145,000.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler cut their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. 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. Finally, Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Stock Down 1.1 %

Shares of Darling Ingredients stock opened at $36.70 on Monday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 22.66 and a beta of 1.21. The stock’s 50-day moving average is $37.02 and its 200 day moving average is $37.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $0.77 EPS. Darling Ingredients’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts anticipate that Darling Ingredients Inc. will post 1.75 EPS for the current year.

About Darling Ingredients

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.