Hsbc Holdings PLC Sells 54,558 Shares of Darling Ingredients Inc. $DAR

Key Points

• Hsbc Holdings PLC has reduced its stake in Darling Ingredients Inc. by 37.5%, selling 54,558 shares and retaining a total of 90,911 shares worth approximately $2.83 million.
• CEO Randall C. Stuewe sold 35,000 shares of the company's stock for over $1 million, which decreased his holdings by 4.29%.
• Darling Ingredients reported a quarterly revenue of $1.48 billion, missing analysts' expectations, and also posted earnings per share of $0.09, falling short of the $0.12 estimate.

Hsbc Holdings PLC lowered its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 37.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,911 shares of the company's stock after selling 54,558 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Darling Ingredients worth $2,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DAR. Heck Capital Advisors LLC bought a new position in Darling Ingredients in the 4th quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new position in Darling Ingredients in the 1st quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its holdings in Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after buying an additional 500 shares during the last quarter. UMB Bank n.a. raised its holdings in Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after buying an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 purchasing an additional 1,038 shares during the period. Institutional investors own 94.44% of the company's stock.

Insider Activity

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.07% of the stock is currently owned by corporate insiders.

Darling Ingredients Price Performance

Shares of DAR opened at $34.45 on Wednesday. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The business's fifty day moving average is $35.03 and its 200 day moving average is $33.64. 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 stock has a market cap of $5.45 billion, a P/E ratio of 52.20 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DAR shares. Robert W. Baird reissued a "neutral" rating and set a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 target price for the company. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Piper Sandler decreased their target price 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. Finally, Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. One equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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