Darling Ingredients Inc. (NYSE:DAR) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in Darling Ingredients Inc. (NYSE:DAR) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,019 shares of the company’s stock after purchasing an additional 8,663 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.05% of Darling Ingredients worth $2,531,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Peregrine Capital Management LLC boosted its position in Darling Ingredients by 16.5% during the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company’s stock worth $6,835,000 after acquiring an additional 30,952 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Darling Ingredients by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock worth $953,000 after acquiring an additional 4,933 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Darling Ingredients by 14.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company’s stock worth $4,821,000 after acquiring an additional 19,113 shares during the last quarter. GAMMA Investing LLC boosted its position in Darling Ingredients by 6,187.6% during the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company’s stock worth $2,063,000 after acquiring an additional 63,423 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in Darling Ingredients during the first quarter worth about $255,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

DAR has been the topic of a number of recent research reports. Citigroup lowered their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Piper Sandler reduced their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday. Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, TD Cowen reduced their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $45.86.

Darling Ingredients Price Performance

Shares of DAR stock opened at $33.25 on Wednesday. The firm’s 50-day moving average is $35.25 and its two-hundred day moving average is $34.29. The company has a market capitalization of $5.26 billion, a PE ratio of 50.38 and a beta of 1.23. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.37%. Darling Ingredients’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Analysts predict that Darling Ingredients Inc. will post 2.81 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.