Koshinski Asset Management Inc. purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,768 shares of the company’s stock, valued at approximately $542,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in shares of Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after buying an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Darling Ingredients by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after acquiring an additional 58,925 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Darling Ingredients during the first quarter valued at $205,000. M&T Bank Corp raised its position in shares of Darling Ingredients by 11.2% in the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock worth $318,000 after purchasing an additional 847 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Darling Ingredients by 5.0% in the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock worth $25,705,000 after purchasing an additional 32,553 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.
Insider Buying and Selling at Darling Ingredients
In related news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.
Darling Ingredients Stock Performance
Darling Ingredients (NYSE:DAR – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion for 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 business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share. On average, equities analysts forecast that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.
Analysts Set New Price Targets
DAR has been the subject of a number of analyst reports. Stephens raised their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Jefferies Financial Group upped their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays boosted their price target on Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. Weiss Ratings downgraded Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.82.
Check Out Our Latest Report on DAR
About Darling Ingredients
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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