Impax Asset Management Group plc Sells 36,898 Shares of Darling Ingredients Inc. $DAR

Key Points

• Impax Asset Management trimmed its position in Darling Ingredients by 3.1% in Q4, selling 36,898 shares and leaving it with 1,147,396 shares worth about $41.3 million (0.73% ownership).
• Multiple analysts have raised ratings and price targets recently, and MarketBeat shows a consensus "Buy" rating with a consensus target price of $66.00.
• CEO Randall C. Stuewe sold 20,000 shares in March, institutional investors own 94.44% of the stock, and Darling Ingredients has a market cap of roughly $9.55 billion with a 52‑week range of $29.15–$64.90.

Impax Asset Management Group plc lessened its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,147,396 shares of the company's stock after selling 36,898 shares during the quarter. Impax Asset Management Group plc owned 0.73% of Darling Ingredients worth $41,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Darling Ingredients by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company's stock valued at $240,058,000 after acquiring an additional 22,055 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Darling Ingredients by 6.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company's stock worth $158,119,000 after buying an additional 287,665 shares during the last quarter. Davis Selected Advisers increased its holdings in Darling Ingredients by 0.4% during the third quarter. Davis Selected Advisers now owns 2,453,940 shares of the company's stock worth $75,753,000 after buying an additional 10,370 shares during the last quarter. No Street GP LP acquired a new position in Darling Ingredients during the third quarter worth $69,458,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Darling Ingredients by 2.4% during the third quarter. Brown Brothers Harriman & Co. now owns 1,546,291 shares of the company's stock worth $47,734,000 after buying an additional 35,595 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $59.00 to $69.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 24th. Zacks Research upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. BMO Capital Markets upped their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Jefferies Financial Group upped their target price on Darling Ingredients from $66.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, April 10th. Finally, Robert W. Baird upped their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an "outperform" rating in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $66.00.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares of the company's stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Darling Ingredients Trading Down 1.2%

Shares of NYSE:DAR opened at $60.18 on Friday. The company has a market capitalization of $9.55 billion, a P/E ratio of 154.31, a P/E/G ratio of 0.41 and a beta of 1.08. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $64.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The business's 50 day simple moving average is $57.10 and its 200 day simple moving average is $44.06.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The business had revenue of $1.71 billion for the quarter. On average, research analysts anticipate that Darling Ingredients Inc. will post 3.63 EPS for the current fiscal year.

About Darling Ingredients

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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