Ieq Capital LLC Acquires Shares of 116,020 Darling Ingredients Inc. $DAR

Ieq Capital LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 116,020 shares of the company’s stock, valued at approximately $6,337,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Callan Family Office LLC acquired a new stake in Darling Ingredients in the 2nd quarter valued at $3,158,000. C M Bidwell & Associates Ltd. acquired a new position in Darling Ingredients during the second quarter worth $66,000. Allworth Financial LP purchased a new position in Darling Ingredients during the second quarter valued at $290,000. Virtus Advisers LLC acquired a new stake in shares of Darling Ingredients in the second quarter valued at about $156,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Darling Ingredients in the second quarter valued at about $5,967,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research reports. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Barclays raised their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.00.

Get Our Latest Stock Report on Darling Ingredients

Darling Ingredients Trading Down 0.3%

DAR opened at $65.56 on Monday. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 17.67 and a beta of 1.02. The company’s 50 day simple moving average is $59.86 and its two-hundred day simple moving average is $58.37. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 12.98% 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 quarter last year, the business posted $0.08 earnings per share. Analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Key Darling Ingredients News

Here are the key news stories impacting Darling Ingredients this week:

  • Positive Sentiment: Strong second-quarter performance: Net income reached $387.3 million, while combined adjusted EBITDA rose to $741.7 million. Diamond Green Diesel (DGD) was a major contributor, generating approximately $389.2 million of Darling’s share of adjusted EBITDA. Darling Ingredients second-quarter earnings release
  • Positive Sentiment: Capital-return and tax-credit support: The board expanded its share-repurchase authorization to $1 billion, and Darling agreed to sell approximately $150 million of production tax credits, potentially supporting cash flow and shareholder returns. Darling Ingredients press release
  • Positive Sentiment: Favorable analyst momentum: Zacks Research upgraded DAR from “hold” to “strong-buy,” while recent broker targets have generally ranged from $70 to $79. Renewable-fuel policy support and tight renewable identification number (RIN) markets are also viewed as potential DGD tailwinds. Zacks Darling Ingredients momentum analysis
  • Neutral Sentiment: Rally appears extended: Shares had advanced 12.8% over the preceding week and were approaching their 52-week high, increasing the likelihood of profit-taking and a technical reversal after strong news was already reflected in the valuation.
  • Negative Sentiment: Execution risks remain: Analysts cited rising costs, flat feedstock throughput and capacity constraints. Future DGD profitability also depends on renewable-fuel policy, RIN prices and other market inputs. Zacks Darling Ingredients risk analysis
  • Negative Sentiment: Mixed trading signals: Company insiders reported more selling than buying over the past six months, while institutional activity was broadly balanced but included sizable reductions by several funds. These signals may have added to short-term selling pressure.

Insider Activity

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles L. Adair bought 1,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director directly owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 10,591 shares of company stock valued at $704,303 over the last three months. 1.90% of the stock is currently owned by company insiders.

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.

Further Reading

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DARFree Report).

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

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