Wellington Management Group LLP Has $29.77 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Wellington Management Group LLP raised its stake in Darling Ingredients Inc. (NYSE:DAR) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 800,983 shares of the company’s stock after purchasing an additional 9,442 shares during the period. Wellington Management Group LLP owned 0.50% of Darling Ingredients worth $29,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DAR. GAMMA Investing LLC grew 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 valued at $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC increased its stake in Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. lifted its position in Darling Ingredients by 38.0% during the third 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 last quarter. Ashton Thomas Securities LLC purchased a new position in Darling Ingredients in the third quarter worth $58,000. Finally, Farther Finance Advisors LLC lifted its position in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the topic of several research analyst reports. Piper Sandler reduced their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. TD Cowen lowered their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. increased 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 target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Trading Down 4.8 %

Shares of DAR stock opened at $35.48 on Friday. The company’s 50-day moving average price is $38.92 and its 200-day moving average price is $38.06. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 21.90 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36.

Darling Ingredients (NYSE:DAR) last released 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 firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $0.77 earnings per share. Darling Ingredients’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share 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.