Dockside LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,640 shares of the company’s stock, valued at approximately $2,039,000.
Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $29,000. Danske Bank A S purchased a new stake in shares of Darling Ingredients during the third quarter valued at approximately $25,000. Leonteq Securities AG purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.
Darling Ingredients Price Performance
Shares of Darling Ingredients stock opened at $56.96 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The company has a market cap of $9.05 billion, a PE ratio of 41.27 and a beta of 1.02. The business has a 50 day moving average of $60.83 and a 200 day moving average of $50.59. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02.
Analysts Set New Price Targets
A number of research firms have recently weighed in on DAR. Jefferies Financial Group increased their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group increased their price objective on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Robert W. Baird upped their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Scotiabank upped their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $69.00.
Check Out Our Latest Research Report on DAR
Insider Transactions at Darling Ingredients
In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.
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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