25,700 Shares in Darling Ingredients Inc. $DAR Acquired by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 25,700 shares of Darling Ingredients during the second quarter, valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 94.44% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, ten Buy and two Hold ratings. Darling has a consensus “Moderate Buy” rating and an average price target of $69.
• Darling Ingredients reported quarterly EPS of $2.41, exceeding the $1.40 estimate, while revenue rose 16.4% year over year to $1.72 billion. Its shares were trading at $64.35, up 4.8%.

Caisse de depot et placement du Quebec acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,700 shares of the company's stock, valued at approximately $1,404,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Darling Ingredients in the second quarter valued at $851,450,000. AIA Group Ltd purchased a new stake in Darling Ingredients during the 1st quarter worth about $4,453,000. Fideuram Asset Management Ireland dac acquired a new stake in Darling Ingredients in the 4th quarter valued at about $585,000. BNP Paribas Financial Markets raised its position in Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company's stock valued at $47,179,000 after purchasing an additional 277,233 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Darling Ingredients by 7,554.6% in the 1st quarter. Strs Ohio now owns 286,740 shares of the company's stock valued at $17,735,000 after buying an additional 282,994 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles L. Adair bought 1,000 shares of the business's stock in a transaction dated Friday, July 31st. The stock was 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 in the company, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 19th. Finally, Jefferies Financial Group raised their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Darling Ingredients Trading Up 4.8%

Shares of Darling Ingredients stock opened at $64.35 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $60.68 and a 200-day simple moving average of $58.81. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $69.98.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business earned $0.08 EPS. Darling Ingredients's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts forecast that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal 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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