Erste Asset Management GmbH Cuts Stake in Darling Ingredients Inc. $DAR

Erste Asset Management GmbH reduced its position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 740,935 shares of the company’s stock after selling 45,516 shares during the period. Erste Asset Management GmbH’s holdings in Darling Ingredients were worth $26,523,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in Darling Ingredients by 4.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock worth $43,552,000 after buying an additional 56,662 shares in the last quarter. Fisher Asset Management LLC increased its stake in Darling Ingredients by 94.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock worth $2,329,000 after buying an additional 36,593 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Darling Ingredients by 75.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 601,263 shares of the company’s stock worth $18,561,000 after buying an additional 258,942 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in Darling Ingredients during the 4th quarter worth approximately $585,000. Finally, Citigroup Inc. increased its stake in Darling Ingredients by 134.4% during the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock worth $13,315,000 after buying an additional 247,311 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DAR has been the subject of several research reports. Robert W. Baird boosted their price objective on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Stephens boosted their price objective on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Finally, Wall Street Zen cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Get Our Latest Report on DAR

Darling Ingredients Trading Down 0.0%

Shares of Darling Ingredients stock opened at $59.42 on Monday. The stock has a market cap of $9.44 billion, a P/E ratio of 43.06 and a beta of 1.02. The stock’s 50 day simple moving average is $61.09 and its 200-day simple moving average is $49.86. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DARGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.16) EPS. Analysts predict that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

Darling Ingredients Profile

(Free Report)

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

Further Reading

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DARFree Report).

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

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.