GSA Capital Partners LLP Makes New $910,000 Investment in Darling Ingredients Inc. $DAR

Key Points

• GSA Capital Partners initiated a roughly $910,000 position in Darling Ingredients by purchasing 16,660 shares during the second quarter. Institutional investors collectively own 94.44% of the company.
• Darling Ingredients reported strong quarterly results, with EPS of $2.41 versus the $1.40 consensus estimate and revenue of $1.72 billion, up 16.4% year over year.
• Shares opened at $68.27, near their 12-month high, while analysts maintained a generally positive outlook: 10 rate the stock Buy and three Hold, producing a “Moderate Buy” consensus and a $69 average price target. Insiders, however, sold 10,591 shares worth approximately $704,303 over the past 90 days.

GSA Capital Partners LLP purchased a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,660 shares of the company's stock, valued at approximately $910,000.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. SJS Investment Consulting Inc. increased its position in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in Darling Ingredients by 2.6% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company's stock valued at $472,000 after purchasing an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 2.9% during the 1st 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 during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Darling Ingredients by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company's stock worth $277,000 after purchasing an additional 267 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC grew its holdings in shares of Darling Ingredients by 35.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company's stock worth $64,000 after buying an additional 270 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $68.27 on Wednesday. The business has a 50-day moving average of $59.31 and a two-hundred day moving average of $57.94. The firm has a market capitalization of $10.77 billion, a PE ratio of 18.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $68.59.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating 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 period in the previous year, the company posted $0.08 EPS. The company's 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 year.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction on 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 sale, the chief accounting officer owned 18,969 shares of the company's stock, valued at $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick Mcnutt sold 8,000 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the transaction, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DAR. Wall Street Zen raised shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Scotiabank lifted their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, April 22nd. TD Cowen boosted their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 27th. Zacks Research lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.00.

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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