Hartree Partners LP Sells 15,000 Shares of Darling Ingredients Inc. $DAR

Key Points

• Hartree Partners LP has reduced its stake in Darling Ingredients Inc. by 33.3%, selling 15,000 shares and now holding 30,000 shares worth approximately $937,000.
• During the first quarter, several institutional investors significantly increased their positions in Darling Ingredients, with Northwestern Mutual Wealth Management Co. growing its stake by 3,432.6%.
• Darling Ingredients reported a net margin of 1.85% and earnings per share of $0.09 for the last quarter, falling short of analyst estimates of $0.12.

Hartree Partners LP lessened its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 33.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the company's stock after selling 15,000 shares during the quarter. Hartree Partners LP's holdings in Darling Ingredients were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Darling Ingredients by 3,432.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 27,272 shares of the company's stock valued at $852,000 after acquiring an additional 26,500 shares during the period. AlphaQuest LLC acquired a new stake in shares of Darling Ingredients in the 1st quarter valued at approximately $149,000. Sprott Inc. raised its position in shares of Darling Ingredients by 9.9% in the 1st quarter. Sprott Inc. now owns 6,554 shares of the company's stock valued at $205,000 after acquiring an additional 591 shares during the period. Advantage Alpha Capital Partners LP raised its position in shares of Darling Ingredients by 48.3% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 162,204 shares of the company's stock valued at $5,067,000 after acquiring an additional 52,861 shares during the period. Finally, Credit Agricole S A raised its position in shares of Darling Ingredients by 28.0% in the 1st quarter. Credit Agricole S A now owns 155,514 shares of the company's stock valued at $4,858,000 after acquiring an additional 34,009 shares during the period. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Up 0.1%

Shares of NYSE:DAR traded up $0.02 during midday trading on Wednesday, hitting $34.43. The stock had a trading volume of 1,875,710 shares, compared to its average volume of 2,376,906. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The business's 50-day simple moving average is $35.03 and its 200-day simple moving average is $33.64. The company has a market cap of $5.45 billion, a P/E ratio of 52.17 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Darling Ingredients's quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer directly owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 target price on the stock. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Jefferies Financial Group raised their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Piper Sandler dropped their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and a consensus target price of $43.57.

Darling Ingredients 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.