Invesco Ltd. Has $20.15 Million Stock Holdings in Darling Ingredients Inc. $DAR

Key Points

• Invesco Ltd. increased its holdings in Darling Ingredients Inc. by 8.2%, owning 644,975 shares valued at approximately $20.15 million as of the latest SEC filing.
• Institutional investors now hold 94.44% of Darling Ingredients' stock, with several significant changes in stakes from major investors in the last quarter.
• CEO Randall C. Stuewe sold 35,000 shares at an average price of $30.92, reducing his ownership stake by 4.29% to around 781,437 shares.

Invesco Ltd. raised its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 644,975 shares of the company's stock after acquiring an additional 48,688 shares during the quarter. Invesco Ltd. owned approximately 0.41% of Darling Ingredients worth $20,149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Townsquare Capital LLC increased its position in Darling Ingredients by 30.8% in the 1st quarter. Townsquare Capital LLC now owns 9,964 shares of the company's stock valued at $311,000 after acquiring an additional 2,349 shares during the period. Davis Selected Advisers increased its position in shares of Darling Ingredients by 4.1% during the first quarter. Davis Selected Advisers now owns 2,476,469 shares of the company's stock worth $77,365,000 after buying an additional 98,221 shares during the period. Citigroup Inc. increased its position in shares of Darling Ingredients by 65.1% during the first quarter. Citigroup Inc. now owns 226,782 shares of the company's stock worth $7,085,000 after buying an additional 89,394 shares during the period. CenterBook Partners LP increased its position in shares of Darling Ingredients by 173.3% during the first quarter. CenterBook Partners LP now owns 242,959 shares of the company's stock worth $7,590,000 after buying an additional 154,076 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Darling Ingredients by 2.4% during the first quarter. Deutsche Bank AG now owns 3,394,250 shares of the company's stock worth $106,036,000 after buying an additional 78,770 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 3.3%

NYSE DAR traded up $1.1560 on Monday, hitting $35.9760. 2,942,741 shares of the company were exchanged, compared to its average volume of 2,374,035. The company has a market cap of $5.69 billion, a PE ratio of 54.51 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The stock has a fifty day moving average of $35.16 and a 200-day moving average of $33.66. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

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 the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction 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 approximately $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.62% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in 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. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Piper Sandler decreased their price objective 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, JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective for the company. One investment 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 MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and an average 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.