Empowered Funds LLC Takes $2.94 Million Position in Darling Ingredients Inc. $DAR

Key Points

• Empowered Funds LLC acquired 53,835 shares of Darling Ingredients worth approximately $2.94 million, while institutional investors collectively own 94.44% of the company.
• Analysts remain generally positive: Darling Ingredients has a consensus “Moderate Buy” rating and a $69.00 average price target, with TD Cowen raising its target to $80.
• The company reported strong quarterly results, posting $2.41 in EPS versus the $1.40 estimate and $1.72 billion in revenue, up 16.4% year over year. Shares opened at $67.66, near the stock’s 52-week high of $69.98.

Empowered Funds LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,835 shares of the company's stock, valued at approximately $2,940,000.

Other institutional investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its position in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after acquiring an additional 174 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its stake in Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company's stock worth $472,000 after purchasing an additional 196 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company's stock worth $481,000 after purchasing an additional 220 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company's stock valued at $277,000 after buying an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its position in Darling Ingredients by 35.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company's stock valued at $64,000 after buying an additional 270 shares during the period. 94.44% of the stock is owned by institutional investors.

Insider Activity at Darling Ingredients

In other news, EVP Patrick Mcnutt sold 8,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the transaction, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This trade represents a 18.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares in the company, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,591 shares of company stock worth $704,303. Company insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on DAR. Wall Street Zen raised Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. TD Cowen upped their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Zacks Research raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Finally, Barclays upped their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Darling Ingredients Price Performance

NYSE DAR opened at $67.66 on Thursday. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $69.98. The stock has a 50-day moving average of $61.54 and a 200 day moving average of $59.26. 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 company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 18.24 and a beta of 1.02.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted $0.08 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 6.98 EPS for the current year.

About Darling Ingredients

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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