Wellington Management Group LLP lessened its stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 39.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 770,388 shares of the company’s stock after selling 508,681 shares during the period. Wellington Management Group LLP owned about 0.49% of Darling Ingredients worth $42,079,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DAR. Danske Bank A S acquired a new stake in shares of Darling Ingredients in the third quarter valued at $25,000. Allworth Financial LP grew its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in shares of Darling Ingredients during the fourth quarter worth about $29,000. Finally, Leonteq Securities AG purchased a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $35,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.
Darling Ingredients Stock Performance
NYSE:DAR opened at $65.63 on Friday. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market capitalization of $10.36 billion, a PE ratio of 17.69 and a beta of 1.02. The business’s fifty day moving average price is $61.79 and its 200 day moving average price is $59.36.
Insiders Place Their Bets
In related news, EVP Nicholas Kemphaus sold 1,591 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles Adair purchased 1,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average price 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 of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,591 shares of company stock worth $704,303 in the last three months. 1.90% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Barclays upped their price objective on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. TD Cowen lifted their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.
Check Out Our Latest Analysis on Darling Ingredients
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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