Hsbc Holdings PLC increased its position in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 246.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 144,263 shares of the company’s stock after buying an additional 102,664 shares during the period. Hsbc Holdings PLC owned about 0.09% of Darling Ingredients worth $7,953,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Danske Bank A S purchased a new position in shares of Darling Ingredients in the third quarter worth $25,000. Allworth Financial LP increased its holdings 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 during the last quarter. SJS Investment Consulting Inc. lifted its stake in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.
Darling Ingredients Price Performance
Shares of DAR opened at $67.40 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The company has a 50 day moving average price of $62.75 and a 200-day moving average price of $59.78. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $69.98. The stock has a market capitalization of $10.64 billion, a PE ratio of 18.17 and a beta of 1.02.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Barclays upped their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. 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’s stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.
View Our Latest Stock Analysis on DAR
Insider Activity at Darling Ingredients
In other news, EVP Patrick McNutt sold 8,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nicholas Kemphaus sold 1,591 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is owned by company insiders.
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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