Goodlander Investment Management LLC Invests $7.19 Million in Darling Ingredients Inc. $DAR

Key Points

• Goodlander Investment Management LLC has invested approximately $7.19 million in Darling Ingredients Inc., buying 230,000 shares, which represents 6.1% of its investment portfolio and makes Darling its 8th largest holding.
• CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients for about $1.08 million, reducing his ownership stake by 4.29% to a total of approximately $24.16 million.
• Analysts maintain a moderate buy consensus on Darling Ingredients with a target price of $43.57, despite a recent earnings miss where the company reported $0.09 EPS against an expectation of $0.12.

Goodlander Investment Management LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 230,000 shares of the company's stock, valued at approximately $7,185,000. Darling Ingredients accounts for approximately 6.1% of Goodlander Investment Management LLC's investment portfolio, making the stock its 8th largest holding. Goodlander Investment Management LLC owned 0.15% of Darling Ingredients as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in Darling Ingredients during the 4th quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in Darling Ingredients during the 1st quarter valued at about $30,000. Hexagon Capital Partners LLC lifted its position in Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after acquiring an additional 500 shares during the period. UMB Bank n.a. lifted its position in Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after acquiring an additional 1,373 shares during the period. Finally, GAMMA Investing LLC lifted its position in Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after acquiring an additional 1,038 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target for the company. Piper Sandler lowered their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Robert W. Baird reissued a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and a consensus target price of $43.57.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Stock Down 1.1%

Shares of Darling Ingredients stock opened at $33.94 on Friday. 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 stock has a market capitalization of $5.37 billion, a PE ratio of 51.43 and a beta of 1.19. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The company has a 50-day simple moving average of $34.77 and a two-hundred day simple moving average of $33.56.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The company 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 business's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Company Profile

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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