7,756 Shares in Darling Ingredients Inc. $DAR Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Darling Ingredients Inc. during Q1, purchasing 7,756 shares valued at approximately $244,000.
• Institutional investors and hedge funds hold a significant majority, with 94.44% of Darling Ingredients' stock owned by these entities.
• Despite reporting a loss in earnings per share for the last quarter, Darling Ingredients has shown a revenue increase of 1.8% year-over-year.

Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,756 shares of the company's stock, valued at approximately $244,000.

Other hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at $25,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Darling Ingredients in the first quarter valued at $30,000. Hexagon Capital Partners LLC lifted its holdings in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after purchasing an additional 500 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after purchasing an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after acquiring an additional 1,038 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Down 1.1%

Shares of Darling Ingredients stock traded down $0.39 during midday trading on Friday, reaching $33.94. 1,668,140 shares of the company's stock traded hands, compared to its average volume of 2,238,405. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 51.43 and a beta of 1.19. The company's 50 day simple moving average is $34.77 and its 200 day simple moving average is $33.56. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Equities analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Piper Sandler lowered their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. assumed coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target on the stock. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.57.

Insider Activity

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company's stock.

About Darling Ingredients

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.