Quantinno Capital Management LP Buys 19,382 Shares of Darling Ingredients Inc. $DAR

Quantinno Capital Management LP raised its stake in Darling Ingredients Inc. (NYSE:DARFree Report) by 18.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,684 shares of the company’s stock after buying an additional 19,382 shares during the period. Quantinno Capital Management LP’s holdings in Darling Ingredients were worth $7,712,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp acquired a new stake in shares of Darling Ingredients during the 1st quarter valued at $292,000. Lombard Odier Asset Management Europe Ltd increased its holdings in Darling Ingredients by 14.2% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 183,301 shares of the company’s stock worth $11,337,000 after purchasing an additional 22,796 shares in the last quarter. Waverly Advisors LLC acquired a new position in Darling Ingredients in the 1st quarter worth about $337,000. Entropy Technologies LP raised its position in Darling Ingredients by 99.5% in the first quarter. Entropy Technologies LP now owns 44,733 shares of the company’s stock valued at $2,767,000 after purchasing an additional 22,309 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Darling Ingredients by 37.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 204,615 shares of the company’s stock valued at $12,655,000 after purchasing an additional 55,828 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the acquisition, the director owned 51,690 shares in the company, valued at $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Trading Down 3.8%

NYSE DAR opened at $57.86 on Thursday. The firm has a market capitalization of $9.20 billion, a PE ratio of 15.60 and a beta of 1.02. The business’s 50-day moving average price is $58.53 and its two-hundred day moving average price is $56.53. The company has a current ratio of 3.89, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. 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 issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. On average, analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Wall Street Analyst Weigh In

DAR has been the topic of several research reports. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Barclays upped their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Stephens raised their price target 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. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

View Our Latest Stock Report on DAR

Darling Ingredients Company Profile

(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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