Palo Duro Investment Partners LP Takes $53.98 Million Position in Darling Ingredients Inc. $DAR

Palo Duro Investment Partners LP acquired a new position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 988,289 shares of the company’s stock, valued at approximately $53,980,000. Darling Ingredients comprises about 10.4% of Palo Duro Investment Partners LP’s portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently bought and sold shares of DAR. BlackRock Inc. acquired a new position in shares of Darling Ingredients in the 2nd quarter valued at $851,450,000. Deutsche Bank AG bought a new position in Darling Ingredients during the second quarter worth about $168,348,000. Norges Bank bought a new position in Darling Ingredients during the fourth quarter worth about $94,211,000. Bank of America Corp DE acquired a new position in Darling Ingredients in the second quarter valued at about $129,371,000. Finally, No Street GP LP bought a new stake in shares of Darling Ingredients in the third quarter worth about $69,458,000. Institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Charles L. Adair purchased 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, with a total value 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. This represents a 1.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick Mcnutt sold 8,000 shares of the stock in a transaction dated Friday, August 14th. The stock was 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 of the company’s stock, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DAR. Barclays lifted their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. TD Cowen increased their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

View Our Latest Stock Report on Darling Ingredients

Darling Ingredients Trading Down 0.0%

NYSE DAR opened at $62.56 on Thursday. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $69.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The stock’s 50 day moving average price is $60.31 and its two-hundred day moving average price is $58.68. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 16.86 and a beta of 1.02.

Darling Ingredients (NYSE:DARGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. 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. As a group, analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

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.

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

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