Darling Ingredients Inc. (NYSE:DAR) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its position in Darling Ingredients Inc. (NYSE:DAR) by 26.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,701 shares of the company’s stock after purchasing an additional 1,833 shares during the period. M&T Bank Corp’s holdings in Darling Ingredients were worth $323,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DAR. GAMMA Investing LLC boosted 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 during the period. Signaturefd LLC increased its stake in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. raised its holdings in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients during the third quarter worth about $58,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Darling Ingredients by 69.2% during the third 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. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen reduced 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. Jefferies Financial Group increased their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reduced their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Stock Performance

Shares of DAR opened at $33.69 on Thursday. The company has a market capitalization of $5.36 billion, a PE ratio of 20.80 and a beta of 1.19. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.12. The company has a 50-day simple moving average of $38.78 and a 200-day simple moving average of $37.90. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the business posted $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.