Darling Ingredients Inc. $DAR Shares Newly Acquired by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG acquired 32,080 shares of Darling Ingredients during the third quarter, valued at approximately $1.95 million. Institutional investors and hedge funds collectively own 94.44% of the company.
• Analyst sentiment remains positive: Darling has an average “Moderate Buy” rating and a consensus price target of $73.80, with several firms recently raising targets or upgrading the stock.
• Darling reported strong quarterly results, with EPS of $2.41 versus the $1.40 estimate and revenue of $1.72 billion, up 16.4% year over year. However, insiders sold 10,591 shares worth roughly $704,000 over the past 90 days.

Robeco Schweiz AG acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 32,080 shares of the company's stock, valued at approximately $1,948,000.

Several other institutional investors and hedge funds have also modified their holdings of DAR. Citizens Financial Group Inc. RI lifted its stake in Darling Ingredients by 108.3% in the third quarter. Citizens Financial Group Inc. RI now owns 12,367 shares of the company's stock valued at $751,000 after buying an additional 6,429 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Darling Ingredients by 58.2% during the third quarter. Simplicity Wealth LLC now owns 19,639 shares of the company's stock worth $1,192,000 after acquiring an additional 7,228 shares in the last quarter. Kendall Capital Management bought a new stake in shares of Darling Ingredients during the third quarter worth $205,000. Evergreen Capital Management LLC bought a new stake in shares of Darling Ingredients during the third quarter worth $223,000. Finally, Gibbs Wealth Management raised its holdings in shares of Darling Ingredients by 17.1% during the third quarter. Gibbs Wealth Management now owns 9,528 shares of the company's stock worth $578,000 after acquiring an additional 1,392 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $82.00 to $83.00 and gave the stock an "overweight" rating in a report on Monday, October 12th. Jefferies Financial Group raised shares of Darling Ingredients to a "strong-buy" rating in a research note on Tuesday, September 29th. UBS Group increased their target price on Darling Ingredients from $78.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, September 22nd. TD Cowen lifted their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded Darling Ingredients from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.80.

Insider Buying and Selling

In other Darling Ingredients news, EVP Patrick McNutt sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares of the company's stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph Manzi sold 1,000 shares of the company'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 sale, the chief accounting officer owned 18,969 shares in the company, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,591 shares of company stock worth $704,303 over the last 90 days. Company insiders own 1.90% of the company's stock.

Darling Ingredients Price Performance

NYSE:DAR opened at $56.28 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The stock's 50-day simple moving average is $63.25 and its 200 day simple moving average is $61.04. The company has a market cap of $8.88 billion, a P/E ratio of 15.17 and a beta of 1.04. Darling Ingredients Inc. has a 52-week low of $31.48 and a 52-week high of $69.98.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. Darling Ingredients's revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 7.09 EPS for the current fiscal year.

Darling Ingredients Company Profile

Darling Ingredients Inc NYSE: DAR is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.

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