Partners Capital Investment Group LLP bought a new stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,448 shares of the company’s stock, valued at approximately $571,000.
Several other hedge funds have also bought and sold shares of DAR. SJS Investment Consulting Inc. increased its position in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 2.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after acquiring an additional 196 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after acquiring an additional 220 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Darling Ingredients by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after acquiring an additional 267 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC raised its stake in Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after acquiring an additional 270 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DAR has been the subject of several research reports. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. TD Cowen lifted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.00.
Insider Buying and Selling at Darling Ingredients
In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% 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 stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the acquisition, the director directly owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is currently owned by company insiders.
Darling Ingredients Stock Down 5.1%
DAR stock opened at $62.37 on Tuesday. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week 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. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 16.81 and a beta of 1.02. The business’s fifty day moving average price is $59.99 and its two-hundred day moving average price is $58.47.
Darling Ingredients (NYSE:DAR – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.08 earnings per share. Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.
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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