M. Kulyk & Associates LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,388 shares of the company's stock, valued at approximately $2,861,000.
A number of other institutional investors also recently bought and sold shares of DAR. AIA Group Ltd acquired a new stake in Darling Ingredients during the first quarter worth $4,453,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $585,000. BNP Paribas Financial Markets lifted its stake in shares of Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company's stock valued at $47,179,000 after purchasing an additional 277,233 shares during the last quarter. Strs Ohio grew its holdings in shares of Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company's stock worth $17,735,000 after purchasing an additional 282,994 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Darling Ingredients during the 4th quarter worth $17,728,000. 94.44% of the stock is owned by hedge funds and other institutional investors.
Darling Ingredients Stock Performance
Shares of DAR stock opened at $68.27 on Wednesday. The firm has a 50 day moving average of $59.31 and a two-hundred day moving average of $57.94. The stock has a market capitalization of $10.77 billion, a PE ratio of 18.40 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $68.59.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, research analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.
Insider Buying and Selling
In other Darling Ingredients news, EVP Nicholas James Kemphaus sold 1,591 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles L. Adair purchased 1,000 shares of Darling Ingredients stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,591 shares of company stock worth $704,303 in the last quarter. Company insiders own 1.90% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on DAR. Barclays boosted their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings upgraded shares of Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Zacks Research downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Finally, TD Cowen upped their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.00.
Check Out Our Latest Research Report on Darling Ingredients
Darling Ingredients Company Profile
(
Free Report)
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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