ASR Vermogensbeheer N.V. Purchases 19,705 Shares of Darling Ingredients Inc. $DAR

Key Points

• ASR Vermogensbeheer increased its stake in Darling Ingredients by 3.7% in Q4, buying 19,705 shares to hold 556,060 shares (about 0.35% of the company) valued at roughly $20.0 million.
• Darling reported an EPS beat of $0.83 vs. $0.56 consensus for the quarter and revenue of $1.55 billion (up 12.3% year-over-year), while the stock trades around $62.21 with a market cap near $9.87 billion.
• Wall Street is broadly positive on the name: the consensus rating is "Buy" with an average price target of $68, and several firms (e.g., UBS, Stephens) have recently raised targets up to $78 and $70 respectively.

ASR Vermogensbeheer N.V. raised its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 556,060 shares of the company's stock after acquiring an additional 19,705 shares during the quarter. ASR Vermogensbeheer N.V. owned approximately 0.35% of Darling Ingredients worth $20,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company's stock worth $1,508,000 after purchasing an additional 304 shares during the last quarter. NBC Securities Inc. grew its position in shares of Darling Ingredients by 1.3% in the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company's stock worth $875,000 after buying an additional 318 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Darling Ingredients by 1.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company's stock worth $731,000 after buying an additional 342 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Darling Ingredients by 0.4% during the third quarter. CANADA LIFE ASSURANCE Co now owns 109,497 shares of the company's stock valued at $3,356,000 after buying an additional 449 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Darling Ingredients by 37.5% during the third quarter. Fifth Third Bancorp now owns 1,668 shares of the company's stock valued at $51,000 after buying an additional 455 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Down 1.4%

NYSE DAR opened at $62.21 on Friday. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02. The stock has a market cap of $9.87 billion, a P/E ratio of 45.08 and a beta of 1.07. The stock's fifty day moving average price is $58.65 and its 200-day moving average price is $45.80. The company has a current ratio of 4.64, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.76% and a net margin of 3.54%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned ($0.16) EPS. Darling Ingredients's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that Darling Ingredients Inc. will post 4.54 EPS for the current fiscal year.

Insider Activity

In other news, CAO Joseph Manzi sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stephens raised their price target on Darling Ingredients from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 21st. Weiss Ratings restated a "sell (d+)" rating on shares of Darling Ingredients in a report on Friday, April 10th. Wall Street Zen raised shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. UBS Group lifted their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Finally, BMO Capital Markets increased their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $68.00.

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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