Southernsun Asset Management LLC Has $55.27 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Southernsun Asset Management LLC raised its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,487,458 shares of the company’s stock after purchasing an additional 154,038 shares during the quarter. Darling Ingredients accounts for about 6.6% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Southernsun Asset Management LLC owned 0.94% of Darling Ingredients worth $55,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DAR. State Street Corp increased its holdings in Darling Ingredients by 5.7% during the third quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after buying an additional 289,407 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after buying an additional 1,800,809 shares during the last quarter. Earnest Partners LLC increased its holdings in Darling Ingredients by 14.0% during the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock valued at $140,725,000 after buying an additional 470,170 shares during the last quarter. FMR LLC increased its holdings in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Darling Ingredients by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock valued at $50,210,000 after buying an additional 15,414 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on DAR shares. Jefferies Financial Group upped their target price 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. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler dropped 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 report on Friday, October 11th. Finally, TD Cowen dropped their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $35.57 on Friday. 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 fifty day moving average price of $38.96 and a 200 day moving average price of $38.25. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 21.96 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share 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 quarter in the prior year, the company posted $0.77 EPS. Darling Ingredients’s revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Darling Ingredients Company 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.