Metis Global Partners LLC Grows Position in Darling Ingredients Inc. (NYSE:DAR)

Metis Global Partners LLC boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 36.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,380 shares of the company’s stock after buying an additional 2,483 shares during the quarter. Metis Global Partners LLC’s holdings in Darling Ingredients were worth $349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after acquiring an additional 1,800,809 shares during the period. Earnest Partners LLC grew its position in Darling Ingredients by 14.0% in the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after purchasing an additional 470,170 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Darling Ingredients during the 2nd quarter valued at $15,406,000. Toronto Dominion Bank lifted its holdings in shares of Darling Ingredients by 942.1% during the 1st quarter. Toronto Dominion Bank now owns 392,165 shares of the company’s stock valued at $18,240,000 after buying an additional 354,532 shares during the period. Finally, Swedbank AB bought a new position in shares of Darling Ingredients during the 1st quarter valued at $14,676,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.3 %

Shares of NYSE:DAR opened at $42.49 on Tuesday. The stock has a 50 day moving average of $37.76 and a 200 day moving average of $38.59. The company has a market cap of $6.76 billion, a PE ratio of 26.23 and a beta of 1.23. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.36. 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 (NYSE:DAR) last posted its quarterly 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). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 earnings per share. As a group, equities research analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

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

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.