Darling Ingredients Inc. $DAR Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 57.0% in the second quarter, Holdings Channel reports. The firm owned 1,192,503 shares of the company’s stock after selling 1,579,786 shares during the period. Impax Asset Management Group plc’s holdings in Darling Ingredients were worth $45,244,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DAR. Vanguard Group Inc. boosted its position in Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after purchasing an additional 73,925 shares during the period. Maven Securities LTD raised its position in Darling Ingredients by 328.9% in the first quarter. Maven Securities LTD now owns 32,168 shares of the company’s stock valued at $1,005,000 after purchasing an additional 24,668 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Darling Ingredients by 8.6% during the first quarter. Envestnet Asset Management Inc. now owns 562,130 shares of the company’s stock worth $17,561,000 after purchasing an additional 44,281 shares in the last quarter. Nuveen LLC acquired a new position in shares of Darling Ingredients during the first quarter worth about $11,546,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Darling Ingredients by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 11,450 shares of the company’s stock worth $358,000 after buying an additional 706 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.07% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Up 0.7%

Shares of NYSE:DAR opened at $34.54 on Thursday. The firm has a market cap of $5.46 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 2.35 and a beta of 1.30. The company has a fifty day simple moving average of $32.02 and a 200 day simple moving average of $33.40. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.Darling Ingredients’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAR shares. Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Bank of America initiated coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective for the company. Piper Sandler reduced their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. UBS Group set a $50.00 price target on shares of Darling Ingredients in a report on Monday, November 3rd. Finally, Zacks Research downgraded shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.11.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.