GSA Capital Partners LLP Acquires 12,213 Shares of Darling Ingredients Inc. (NYSE:DAR)

GSA Capital Partners LLP increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 117.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,642 shares of the company’s stock after purchasing an additional 12,213 shares during the period. GSA Capital Partners LLP’s holdings in Darling Ingredients were worth $841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Darling Ingredients by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock worth $726,056,000 after buying an additional 232,583 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after purchasing an additional 1,800,809 shares during the last quarter. Earnest Partners LLC boosted its holdings in Darling Ingredients by 14.0% in the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock valued at $140,725,000 after purchasing an additional 470,170 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Darling Ingredients by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock worth $50,210,000 after purchasing an additional 15,414 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Darling Ingredients by 0.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,204,023 shares of the company’s stock worth $44,741,000 after purchasing an additional 6,200 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Darling Ingredients Stock Up 4.8 %

Shares of NYSE:DAR opened at $43.05 on Friday. The company’s fifty day moving average is $37.76 and its 200-day moving average is $38.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. The company has a market capitalization of $6.85 billion, a PE ratio of 26.57 and a beta of 1.23.

Darling Ingredients (NYSE:DAR) last released its quarterly 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). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. Equities research analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal 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.