Cerity Partners LLC Raises Holdings in Darling Ingredients Inc. (NYSE:DAR)

Cerity Partners LLC grew its stake in Darling Ingredients Inc. (NYSE:DAR) by 122.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 354,244 shares of the company’s stock after buying an additional 194,917 shares during the quarter. Cerity Partners LLC owned 0.22% of Darling Ingredients worth $13,164,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DAR. Citigroup Inc. lifted its stake in Darling Ingredients by 2,842.2% in the third quarter. Citigroup Inc. now owns 465,985 shares of the company’s stock worth $17,316,000 after acquiring an additional 450,147 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Darling Ingredients by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,080,056 shares of the company’s stock valued at $40,135,000 after purchasing an additional 25,734 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Darling Ingredients by 14.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 12,008 shares of the company’s stock worth $446,000 after purchasing an additional 1,478 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Darling Ingredients by 16.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 440,670 shares of the company’s stock worth $16,375,000 after purchasing an additional 61,226 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after buying an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DAR. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler cut their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $40.05 on Tuesday. The firm’s fifty day simple moving average is $38.45 and its 200-day simple moving average is $38.52. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 24.72 and a beta of 1.23. 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 (NYSE:DAR) last announced its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company posted $0.77 earnings per share. Darling Ingredients’s quarterly revenue was down 12.5% on a year-over-year basis. As a group, equities analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share 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.