468,769 Shares in Darling Ingredients Inc. $DAR Purchased by ABN AMRO Bank N.V.

Key Points

• ABN AMRO Bank N.V. acquired 468,769 shares of Darling Ingredients during the second quarter, valued at approximately $25.6 million and representing a 0.29% stake.
• Institutional investors and hedge funds own 94.44% of Darling Ingredients, with several major firms—including Goldman Sachs, UBS, M&T Bank and Invesco—also increasing their positions.
• Darling reported quarterly EPS of $2.41, beating estimates of $1.40, while revenue rose 16.4% year over year to $1.72 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $69.00.

ABN AMRO Bank N.V. purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 468,769 shares of the company's stock, valued at approximately $25,625,000. ABN AMRO Bank N.V. owned 0.29% of Darling Ingredients at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company's stock worth $20,119,000 after buying an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company's stock worth $18,768,000 after purchasing an additional 58,925 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Darling Ingredients during the 1st quarter worth $205,000. M&T Bank Corp raised its holdings in shares of Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company's stock valued at $318,000 after purchasing an additional 847 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Darling Ingredients by 5.0% in the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company's stock valued at $25,705,000 after purchasing an additional 32,553 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on DAR shares. TD Cowen boosted their price target on Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Jefferies Financial Group increased their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a report on Monday, May 4th. Zacks Research lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 21st. Weiss Ratings raised Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Darling Ingredients from a "buy" rating to a "strong-buy" rating in a report on Saturday. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $69.00.

Darling Ingredients Price Performance

NYSE:DAR opened at $66.86 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $67.68. The company has a fifty day moving average price of $58.93 and a 200 day moving average price of $57.49. The stock has a market cap of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (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 company 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 posted $0.08 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. Analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Insider Activity at Darling Ingredients

In other news, Director Charles L. Adair purchased 1,000 shares of the business's stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $60.97 per share, with a total value of $60,970.00. Following the acquisition, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares of the company's stock, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by corporate insiders.

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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