Havemeyer Place LP acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 24,463 shares of the company’s stock, valued at approximately $881,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at $12,985,000. Clear Harbor Asset Management LLC lifted its holdings in shares of Darling Ingredients by 13.1% during the 4th quarter. Clear Harbor Asset Management LLC now owns 23,730 shares of the company’s stock valued at $854,000 after purchasing an additional 2,750 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Darling Ingredients by 22.6% during the 4th quarter. Guinness Atkinson Asset Management Inc now owns 3,648 shares of the company’s stock valued at $130,000 after purchasing an additional 672 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Darling Ingredients by 26.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after purchasing an additional 277,233 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at $94,211,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Stephens increased their price objective on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Robert W. Baird increased their price objective on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. UBS Group raised their target price on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.00.
Insider Buying and Selling at Darling Ingredients
In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.
Darling Ingredients Stock Performance
Shares of DAR stock opened at $58.26 on Tuesday. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 42.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The business has a fifty day moving average of $61.08 and a 200 day moving average of $50.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02.
Darling Ingredients (NYSE:DAR – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the company posted ($0.16) earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.
Darling Ingredients Company Profile
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.
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