214,466 Shares in Darling Ingredients Inc. $DAR Purchased by Woodline Partners LP

Key Points

• Woodline Partners LP acquired 214,466 shares of Darling Ingredients Inc., representing an investment of approximately $6.7 million and giving them a 0.14% ownership in the company.
• CEO Randall C. Stuewe sold 35,000 shares at an average price of $30.92, reducing his total ownership by 4.29%.
• Analyst ratings for Darling Ingredients range from "Strong Buy" to "Neutral," with a consensus price target of $43.57 indicating positive market sentiment.

Woodline Partners LP acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 214,466 shares of the company's stock, valued at approximately $6,700,000. Woodline Partners LP owned approximately 0.14% of Darling Ingredients at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DAR. Nomura Holdings Inc. bought a new stake in Darling Ingredients during the fourth quarter worth about $711,000. ProShare Advisors LLC lifted its stake in shares of Darling Ingredients by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 7,441 shares of the company's stock worth $251,000 after buying an additional 509 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $596,000. Point72 Asset Management L.P. lifted its stake in shares of Darling Ingredients by 23.4% in the fourth quarter. Point72 Asset Management L.P. now owns 611,348 shares of the company's stock worth $20,596,000 after buying an additional 115,924 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Darling Ingredients by 30.4% in the fourth quarter. Tidal Investments LLC now owns 26,137 shares of the company's stock worth $881,000 after buying an additional 6,088 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.62% of the company's stock.

Analysts Set New Price Targets

DAR has been the topic of several analyst reports. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Piper Sandler dropped their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Robert W. Baird restated a "neutral" rating and set a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

Darling Ingredients Stock Down 1.3%

Shares of Darling Ingredients stock opened at $31.52 on Friday. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 47.75 and a beta of 1.16. The company's 50 day moving average is $33.47 and its 200 day moving average is $33.02. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the company posted $0.49 earnings per share. The firm's quarterly revenue was up 1.8% on a year-over-year basis. Research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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