Lombard Odier Asset Management Europe Ltd Makes New Investment in Darling Ingredients Inc. $DAR

Key Points

• Lombard Odier Asset Management Europe Ltd acquired 114,784 shares of Darling Ingredients, worth approximately $6.27 million, while institutional investors collectively own 94.44% of the company.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and a $69 price target; one analyst rates the stock a Strong Buy, ten rate it a Buy, and two recommend Hold.
• Darling Ingredients reported quarterly EPS of $2.41, beating estimates of $1.40, while revenue rose 16.4% year over year to $1.72 billion. Shares opened at $64.35, up 4.8% in the period highlighted.

Lombard Odier Asset Management Europe Ltd acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 114,784 shares of the company's stock, valued at approximately $6,270,000. Lombard Odier Asset Management Europe Ltd owned about 0.07% of Darling Ingredients as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. 49 Wealth Management LLC bought a new position in shares of Darling Ingredients in the second quarter worth approximately $277,000. Empowered Funds LLC bought a new stake in Darling Ingredients during the 2nd quarter valued at $2,940,000. Equitable Holdings Inc. bought a new stake in Darling Ingredients during the 2nd quarter valued at $208,000. Public Employees Retirement System of Ohio purchased a new stake in Darling Ingredients during the 2nd quarter valued at $2,728,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Darling Ingredients during the 2nd quarter valued at $514,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DAR. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Wall Street Zen raised Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, May 12th. Weiss Ratings raised Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Finally, Barclays upped their price target on Darling Ingredients from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.00.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles L. Adair acquired 1,000 shares of the business's stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director owned 51,690 shares in the company, valued at approximately $3,151,539.30. This represents a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock valued at $704,303 in the last three months. Corporate insiders own 1.90% of the company's stock.

Darling Ingredients Stock Up 4.8%

Shares of NYSE DAR opened at $64.35 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The firm has a market capitalization of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02. The firm has a fifty day simple moving average of $60.68 and a two-hundred day simple moving average of $58.81.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the company posted $0.08 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current 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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