Allianz Asset Management GmbH Decreases Stock Holdings in Darling Ingredients Inc. $DAR

Key Points

• Allianz Asset Management GmbH reduced its holdings in Darling Ingredients Inc. by 17.4% in the second quarter, now owning 66,926 shares valued at approximately $2.54 million.
• A number of institutional investors have increased their stakes in Darling Ingredients, indicating strong interest, with 94.44% of the stock owned by hedge funds and other institutional investors.
• The company's latest earnings report showed a revenue of $1.56 billion, a 10% increase from the previous year, but EPS missed the consensus estimate by $0.01.

Allianz Asset Management GmbH trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,926 shares of the company's stock after selling 14,093 shares during the quarter. Allianz Asset Management GmbH's holdings in Darling Ingredients were worth $2,539,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DAR. GAMMA Investing LLC lifted its stake in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Darling Ingredients by 54.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,552 shares of the company's stock worth $486,000 after purchasing an additional 5,451 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Darling Ingredients by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock worth $581,000 after purchasing an additional 470 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Darling Ingredients in the 1st quarter worth approximately $424,000. Finally, Spire Wealth Management lifted its stake in Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after purchasing an additional 468 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAR has been the topic of several analyst reports. Piper Sandler reduced their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday. Baird R W lowered shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Bank of America initiated coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a "buy" rating and a $45.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target on the stock. Finally, Zacks Research lowered shares of Darling Ingredients from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Darling Ingredients Stock Down 0.4%

Shares of NYSE DAR opened at $34.53 on Friday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.09 and a beta of 1.22. 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 Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The business's 50 day moving average is $32.07 and its two-hundred day moving average is $33.08.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. Research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Profile

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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