Robeco Schweiz AG acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR – Free Report) during the 3rd quarter, Holdings Channel reports. The firm acquired 32,080 shares of the company’s stock, valued at approximately $1,948,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Darling Ingredients in the 2nd quarter valued at about $851,450,000. Deutsche Bank AG bought a new position in Darling Ingredients during the second quarter worth about $168,348,000. Bank of America Corp DE acquired a new position in Darling Ingredients during the second quarter worth approximately $129,371,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Darling Ingredients during the second quarter worth approximately $118,952,000. Finally, Man Group plc acquired a new position in Darling Ingredients during the second quarter worth approximately $78,876,000. 94.44% of the stock is owned by institutional investors.
Analysts Set New Price Targets
DAR has been the subject of a number of recent analyst reports. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. TD Cowen boosted their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group upgraded Darling Ingredients to a “strong-buy” rating in a research note on Tuesday, September 29th. Barclays raised their price target on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $73.80.
Check Out Our Latest Report on DAR
Insider Buying and Selling at Darling Ingredients
In other Darling Ingredients news, Director Charles L. Adair bought 1,000 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Patrick McNutt sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 Trading Up 0.1%
DAR stock opened at $56.28 on Monday. 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 company’s 50-day simple moving average is $63.25 and its 200 day simple moving average is $61.04. Darling Ingredients Inc. has a 52 week low of $31.48 and a 52 week high of $69.98. The company has a market capitalization of $8.88 billion, a PE ratio of 15.17 and a beta of 1.04.
Darling Ingredients (NYSE:DAR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.08 earnings per share. Darling Ingredients’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 7.09 earnings per share for the current year.
About Darling Ingredients
Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.
Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.
Featured Articles
- Five stocks we like better than Darling Ingredients
- Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
- Albemarle Upgrade: Can Energy Storage Recharge Lithium’s Leader?
- Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
- Can Planet Fitness Get Its Growth Back in Shape?
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:DAR – Free Report).
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.
