R Squared Ltd Buys New Shares in Darling Ingredients Inc. $DAR

R Squared Ltd purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DARFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,954 shares of the company’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Danske Bank A S purchased a new position in shares of Darling Ingredients in the third quarter worth $25,000. Allworth Financial LP grew its stake in 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 acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. grew 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 valued at $26,000 after acquiring an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients in the 4th quarter valued at $29,000. Finally, Leonteq Securities AG bought a new stake in Darling Ingredients in the 4th quarter valued at $35,000. Institutional investors own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated 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 sale, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DAR shares. UBS Group increased their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. TD Cowen reduced their target price on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Weiss Ratings lowered Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Barclays raised their price target on Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 2nd. 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. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.82.

Check Out Our Latest Stock Analysis on Darling Ingredients

Darling Ingredients Trading Down 0.9%

DAR stock traded down $0.52 during mid-day trading on Tuesday, reaching $57.37. The company had a trading volume of 368,271 shares, compared to its average volume of 2,723,898. The company has a market capitalization of $9.12 billion, a PE ratio of 41.71 and a beta of 1.04. The firm has a 50 day moving average of $58.67 and a 200 day moving average of $52.77. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.Darling Ingredients’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) earnings per share. On average, equities analysts predict that Darling Ingredients Inc. will post 4.68 earnings per share for the current fiscal year.

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.

See Also

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

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