Leeward Investments LLC MA Sells 10,440 Shares of Darling Ingredients Inc. $DAR

Leeward Investments LLC MA lessened its position in Darling Ingredients Inc. (NYSE:DARFree Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,866 shares of the company’s stock after selling 10,440 shares during the quarter. Leeward Investments LLC MA’s holdings in Darling Ingredients were worth $7,519,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after acquiring an additional 512,219 shares during the period. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock worth $240,058,000 after acquiring an additional 22,055 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Darling Ingredients by 6.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after acquiring an additional 287,665 shares during the period. Davis Selected Advisers raised its holdings in Darling Ingredients by 15.8% in the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after acquiring an additional 388,366 shares during the period. Finally, No Street GP LP bought a new position in Darling Ingredients in the 3rd quarter worth $69,458,000. Institutional investors own 94.44% of the company’s stock.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Darling Ingredients Trading Down 0.7%

Darling Ingredients stock opened at $62.35 on Friday. The business has a 50 day moving average price of $59.81 and a two-hundred day moving average price of $46.98. The company has a quick ratio of 0.99, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 45.18 and a beta of 1.07. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DARGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) EPS. As a group, equities analysts forecast that Darling Ingredients Inc. will post 4.59 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group lifted their target price 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. TD Cowen raised 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. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, UBS Group raised 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $69.00.

Check Out Our Latest Analysis on Darling Ingredients

About Darling Ingredients

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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