Freestone Grove Partners LP acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,197 shares of the company's stock, valued at approximately $885,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Darling Ingredients in the 2nd quarter valued at about $851,450,000. Vanguard Group Inc. raised its stake in Darling Ingredients by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company's stock worth $554,196,000 after buying an additional 512,219 shares during the period. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company's stock worth $498,927,000 after buying an additional 47,565 shares during the period. Deutsche Bank AG bought a new position in Darling Ingredients in the second quarter worth approximately $168,348,000. Finally, Davis Selected Advisers grew its stake in Darling Ingredients by 15.8% in the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company's stock valued at $102,324,000 after acquiring an additional 388,366 shares during the period. Institutional investors own 94.44% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on DAR shares. Wall Street Zen upgraded Darling Ingredients from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Weiss Ratings upgraded Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Finally, TD Cowen upped their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.00.
Check Out Our Latest Analysis on Darling Ingredients
Insider Buying and Selling
In related news, Director Charles L. Adair bought 1,000 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $60.97 per share, with a total value of $60,970.00. Following the completion of the transaction, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the sale, the executive vice president owned 35,087 shares of the company's stock, valued at $2,212,235.35. This trade represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,591 shares of company stock worth $704,303 in the last ninety days. Corporate insiders own 1.90% of the company's stock.
Darling Ingredients Price Performance
Shares of NYSE DAR opened at $64.35 on Friday. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $69.98. The firm's 50-day simple moving average is $60.68 and its 200 day simple moving average is $58.81.
Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $1.01. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. As a group, research analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.
About Darling Ingredients
(
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.
Featured Articles
Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DAR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Darling Ingredients, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Darling Ingredients wasn't on the list.
While Darling Ingredients currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
