First Trust Advisors LP trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 330,782 shares of the company’s stock after selling 39,499 shares during the period. First Trust Advisors LP’s holdings in Darling Ingredients were worth $20,459,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. AIA Group Ltd acquired a new position in shares of Darling Ingredients during the 1st quarter valued at $4,453,000. Fideuram Asset Management Ireland dac bought a new position in Darling Ingredients during the fourth quarter worth $585,000. BNP Paribas Financial Markets grew its holdings in Darling Ingredients by 26.8% in the fourth quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after purchasing an additional 277,233 shares during the period. Ninety One UK Ltd grew its holdings in Darling Ingredients by 28.3% in the fourth quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock worth $18,677,000 after purchasing an additional 114,397 shares during the period. Finally, Strs Ohio increased its stake in Darling Ingredients by 7,554.6% in the first quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after purchasing an additional 282,994 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.
Darling Ingredients Stock Performance
DAR opened at $58.64 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average price is $58.40 and its two-hundred day moving average price is $55.82. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 42.50 and a beta of 1.04.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. UBS Group upped 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. Scotiabank boosted their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Barclays upped 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. Stephens increased their price target on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $68.73.
Get Our Latest Stock Report on Darling Ingredients
Insider Buying and Selling at Darling Ingredients
In related news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.
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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