Darling Ingredients Inc. $DAR Position Increased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. increased its position in Darling Ingredients Inc. by 6.1% during Q2, now holding approximately 0.31% of the company valued at $18.88 million.
• CEO Randall C. Stuewe sold 35,000 shares of the company at an average price of $30.92, reducing his ownership by 4.29%.
• Analyst ratings show a consensus of Moderate Buy for Darling Ingredients, with target prices ranging up to $54.00.

ASR Vermogensbeheer N.V. increased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,500 shares of the company's stock after acquiring an additional 28,507 shares during the period. ASR Vermogensbeheer N.V. owned about 0.31% of Darling Ingredients worth $18,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DAR. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Darling Ingredients by 49.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,101 shares of the company's stock worth $340,000 after acquiring an additional 3,323 shares in the last quarter. GAMMA Investing LLC raised its holdings in Darling Ingredients by 6,187.6% during the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company's stock valued at $2,063,000 after buying an additional 63,423 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Darling Ingredients by 8.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,038 shares of the company's stock valued at $220,000 after buying an additional 552 shares in the last quarter. NBC Securities Inc. raised its holdings in Darling Ingredients by 118,519.0% during the first quarter. NBC Securities Inc. now owns 24,910 shares of the company's stock valued at $778,000 after buying an additional 24,889 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after buying an additional 1,373 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 target price on the stock. Robert W. Baird restated a "neutral" rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Piper Sandler cut their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. Finally, Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

Darling Ingredients Trading Up 1.5%

Darling Ingredients stock opened at $31.33 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The business's 50-day simple moving average is $32.19 and its 200-day simple moving average is $32.94. The firm has a market capitalization of $4.96 billion, a PE ratio of 47.46 and a beta of 1.22. 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 posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.

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