Brandywine Global Investment Management LLC Decreases Stake in Darling Ingredients Inc. (NYSE:DAR)

Brandywine Global Investment Management LLC reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,320 shares of the company’s stock after selling 10,161 shares during the period. Brandywine Global Investment Management LLC owned 0.07% of Darling Ingredients worth $7,312,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of Darling Ingredients in the first quarter worth about $1,340,000. Nicholas Investment Partners LP bought a new stake in Darling Ingredients during the second quarter worth approximately $1,228,000. Principal Financial Group Inc. increased its stake in Darling Ingredients by 9.5% during the second quarter. Principal Financial Group Inc. now owns 1,445,577 shares of the company’s stock worth $97,576,000 after acquiring an additional 125,164 shares during the last quarter. Southernsun Asset Management LLC increased its stake in Darling Ingredients by 5.5% during the second quarter. Southernsun Asset Management LLC now owns 962,324 shares of the company’s stock worth $64,957,000 after acquiring an additional 50,093 shares during the last quarter. Finally, AlphaCrest Capital Management LLC increased its stake in Darling Ingredients by 47.1% during the second quarter. AlphaCrest Capital Management LLC now owns 27,345 shares of the company’s stock worth $1,846,000 after acquiring an additional 8,754 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.

Several equities research analysts have weighed in on DAR shares. Piper Sandler boosted their price objective on Darling Ingredients from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, June 18th. Raymond James boosted their price target on Darling Ingredients from $95.00 to $105.00 and gave the company a “strong-buy” rating in a report on Monday, August 16th. Stephens boosted their price target on Darling Ingredients from $86.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, August 12th. Zacks Investment Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Credit Suisse Group boosted their price target on Darling Ingredients from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 12th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $94.91.

In other news, CEO Randall C. Stuewe sold 70,000 shares of the firm’s stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $76.09, for a total transaction of $5,326,300.00. Following the sale, the chief executive officer now directly owns 652,773 shares in the company, valued at approximately $49,669,497.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F. Sterling sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 12th. The shares were sold at an average price of $76.51, for a total value of $765,100.00. Following the sale, the executive vice president now owns 275,703 shares in the company, valued at $21,094,036.53. The disclosure for this sale can be found here. 2.52% of the stock is owned by corporate insiders.

Shares of DAR opened at $72.67 on Thursday. Darling Ingredients Inc. has a 12 month low of $41.73 and a 12 month high of $79.65. The stock has a fifty day moving average price of $73.73 and a 200-day moving average price of $71.11. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $11.78 billion, a PE ratio of 24.63 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last released its earnings results on Monday, August 9th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.35. Darling Ingredients had a return on equity of 17.49% and a net margin of 12.01%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 41.2% on a year-over-year basis. As a group, research analysts forecast that Darling Ingredients Inc. will post 3.75 EPS for the current year.

About Darling Ingredients

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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