Deutsche Bank AG Purchases New Position in Darling Ingredients Inc. $DAR

Deutsche Bank AG acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,082,175 shares of the company's stock, valued at approximately $168,348,000. Deutsche Bank AG owned 1.94% of Darling Ingredients as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Danske Bank A S bought a new position in Darling Ingredients in the 3rd quarter worth $25,000. Allworth Financial LP lifted its position in shares of Darling Ingredients by 227.2% in 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 period. SJS Investment Consulting Inc. boosted its stake in shares of Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG purchased a new position in shares of Darling Ingredients during the fourth quarter valued at about $35,000. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of research reports. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. TD Cowen lifted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Wall Street Zen upgraded Darling Ingredients from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. increased their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. Finally, Zacks Research cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Insiders Place Their Bets

In related news, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles L. Adair bought 1,000 shares of the firm's stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $60.97 per share, with a total value of $60,970.00. Following the transaction, the director owned 51,690 shares in the company, valued at $3,151,539.30. The trade was a 1.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Performance

DAR stock opened at $66.94 on Thursday. The stock has a market capitalization of $10.56 billion, a PE ratio of 18.04 and a beta of 1.02. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $68.77. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The stock's 50 day simple moving average is $59.47 and its 200 day simple moving average is $58.08.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $0.08 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, research analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Darling Ingredients Profile

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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