61,438 Shares in Darling Ingredients Inc. $DAR Purchased by UNIVEST FINANCIAL Corp

Key Points

• UNIVEST FINANCIAL Corp acquired 61,438 shares of Darling Ingredients in the second quarter, valued at approximately $3.36 million. Institutional investors collectively own 94.44% of the company.
• Darling Ingredients reported quarterly earnings of $2.41 per share, exceeding analysts’ $1.40 estimate, while revenue rose 16.4% year over year to $1.72 billion.
• Analyst sentiment remains positive, with ten Buy ratings and three Holds and an average price target of $69.00. Meanwhile, two executive vice presidents sold a combined 9,591 shares in August.

UNIVEST FINANCIAL Corp acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,438 shares of the company's stock, valued at approximately $3,356,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Darling Ingredients during the second quarter valued at approximately $851,450,000. Pallas Capital Advisors LLC bought a new position in Darling Ingredients in the second quarter worth $274,000. Deutsche Bank AG purchased a new position in Darling Ingredients during the second quarter valued at $168,348,000. Persistent Asset Partners Ltd purchased a new position in Darling Ingredients during the second quarter valued at $633,000. Finally, Firetrail Investments PTY Ltd. bought a new stake in shares of Darling Ingredients during the 2nd quarter valued at $8,930,000. Institutional investors own 94.44% of the company's stock.

Insider Activity

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of the business'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 transaction of $100,312.55. Following the completion of the sale, the executive vice president directly owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the sale, the executive vice president directly 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 own 1.90% of the company's stock.

Darling Ingredients Stock Performance

Shares of DAR opened at $67.50 on Tuesday. The firm has a market capitalization of $10.65 billion, a P/E ratio of 18.19 and a beta of 1.02. 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 $67.95. The business has a fifty day moving average of $59.11 and a 200 day moving average of $57.77.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share 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 return on equity of 12.98% and a net margin of 9.13%.Darling Ingredients's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DAR. Weiss Ratings raised Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $78.00 to $79.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Barclays boosted their target price on Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, TD Cowen raised their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 27th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.00.

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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