Fieldview Capital Management LLC bought a new stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,158 shares of the company’s stock, valued at approximately $1,734,000.
Several other institutional investors also recently bought and sold shares of DAR. Danske Bank A S acquired a new stake in Darling Ingredients in the third quarter valued at approximately $25,000. Allworth Financial LP lifted its stake in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $29,000. Leonteq Securities AG acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $35,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $36,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DAR has been the subject of several research reports. Weiss Ratings upgraded shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. TD Cowen lifted their price objective on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. UBS Group lifted their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Robert W. Baird boosted their target price on shares of Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.
Insider Buying and Selling at Darling Ingredients
In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value 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 represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.
Darling Ingredients Trading Down 0.1%
NYSE DAR opened at $56.96 on Monday. The company has a market capitalization of $9.05 billion, a PE ratio of 41.27 and a beta of 1.02. The company has a fifty day moving average of $60.83 and a 200 day moving average of $50.71. 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:DAR – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted ($0.16) earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.
About Darling Ingredients
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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