Ballentine Partners LLC Has $383,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Ballentine Partners LLC boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 19.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,355 shares of the company’s stock after buying an additional 1,874 shares during the quarter. Ballentine Partners LLC’s holdings in Darling Ingredients were worth $383,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Trium Capital LLP acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $181,000. Avanza Fonder AB bought a new stake in Darling Ingredients during the 4th quarter worth about $145,000. Covea Finance boosted its stake in shares of Darling Ingredients by 16.4% during the 4th quarter. Covea Finance now owns 64,000 shares of the company’s stock worth $2,156,000 after buying an additional 9,000 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Darling Ingredients by 203.2% in 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 in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at about $219,000. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAR. Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday. Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Piper Sandler cut their price target on shares of 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 investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.

Darling Ingredients Stock Performance

NYSE DAR opened at $36.13 on Friday. 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 has a 50-day moving average of $36.62 and a 200-day moving average of $37.54. Darling Ingredients Inc. has a 52-week low of $32.55 and a 52-week high of $48.39.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.77 earnings per share. The company’s revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 1.57 EPS for the current 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.