Amundi Grows Position in Darling Ingredients Inc. $DAR

Key Points

• Amundi increased its Darling Ingredients stake by 63.1% in the second quarter, adding 637,966 shares to own 1.65 million shares, or about 1.04% of the company. Institutional investors collectively hold 94.44% of DAR.
• Darling Ingredients reported quarterly EPS of $2.41, well above the $1.40 consensus estimate, while revenue rose 16.4% year over year to $1.72 billion.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $69 target price; TD Cowen raised its target to $80. DAR shares opened at $67.40, near their 52-week high of $69.98.

Amundi increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 63.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,648,586 shares of the company's stock after acquiring an additional 637,966 shares during the quarter. Amundi owned about 1.04% of Darling Ingredients worth $90,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DAR. Danske Bank A S purchased a new position in Darling Ingredients during the 3rd quarter valued at approximately $25,000. Allworth Financial LP raised its holdings in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company's stock worth $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after acquiring an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $35,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Up 0.4%

NYSE:DAR opened at $67.40 on Thursday. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 18.17 and a beta of 1.02. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $69.98. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $62.75 and a 200 day moving average of $59.78.

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

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 1,000 shares of the business'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 value of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares of the company's stock, valued at approximately $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patrick McNutt sold 8,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president 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. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAR. TD Cowen boosted their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Barclays raised their price target 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. Weiss Ratings raised 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. Finally, Zacks Research raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.

Darling Ingredients Company Profile

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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