Simplicity Wealth LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,411 shares of the company’s stock, valued at approximately $678,000.
Other hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in shares of Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the period. Turtle Creek Wealth Advisors LLC boosted its holdings in Darling Ingredients by 2.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after acquiring an additional 196 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Darling Ingredients by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after acquiring an additional 220 shares during the period. Coldstream Capital Management Inc. grew its position in Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after acquiring an additional 267 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC grew its position in Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after acquiring an additional 270 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.
Insider Buying and Selling
In other news, Director Charles L. Adair bought 1,000 shares of the stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the purchase, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by company insiders.
Darling Ingredients Price Performance
Darling Ingredients (NYSE:DAR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Research analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. TD Cowen lifted their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stephens lifted their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.
Check Out Our Latest Report on Darling Ingredients
Darling Ingredients 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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