Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,480 shares of the company's stock, valued at approximately $1,228,000.
Several other institutional investors have also added to or reduced their stakes in DAR. Danske Bank A S bought a new stake in shares of Darling Ingredients in the third quarter valued at about $25,000. Allworth Financial LP increased its stake 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 purchasing an additional 509 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after buying an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients in the 4th quarter valued at $29,000. Finally, Leonteq Securities AG acquired a new position in shares of Darling Ingredients in the fourth quarter valued at $35,000. 94.44% of the stock is owned by institutional investors.
Darling Ingredients Stock Performance
NYSE DAR opened at $66.94 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 18.04 and a beta of 1.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $68.77. The company has a fifty day moving average price of $59.47 and a 200-day moving average price of $58.08.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The business's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, equities research analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
DAR has been the topic of several research analyst reports. Zacks Research cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 12th. Jefferies Financial Group lifted their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Finally, Barclays boosted their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.00.
Read Our Latest Stock Report on DAR
Insider Buying and Selling
In other news, Director Charles L. Adair acquired 1,000 shares of the business's stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director owned 51,690 shares of the company's stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares of the company's stock, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,591 shares of company stock worth $704,303 in the last 90 days. 1.90% of the stock is owned by company insiders.
Darling Ingredients Profile
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Free Report)
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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