Man Group plc Invests $78.88 Million in Darling Ingredients Inc. $DAR

Man Group plc bought a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,444,081 shares of the company's stock, valued at approximately $78,876,000. Man Group plc owned approximately 0.92% of Darling Ingredients as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SJS Investment Consulting Inc. boosted its position in Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after purchasing an additional 174 shares during the last quarter. Turtle Creek Wealth Advisors LLC increased its position in shares of Darling Ingredients by 2.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company's stock valued at $472,000 after purchasing an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company's stock worth $481,000 after purchasing an additional 220 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company's stock worth $277,000 after buying an additional 267 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its holdings in shares of Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company's stock worth $64,000 after buying an additional 270 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

DAR opened at $62.52 on Wednesday. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 16.85 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. The firm has a 50-day moving average price of $60.13 and a 200-day moving average price of $58.57. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $69.98.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on DAR shares. Barclays raised their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. Weiss Ratings raised shares of Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Zacks Research raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 19th. TD Cowen upped their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Nicholas James Kemphaus sold 1,591 shares of the business's stock in a transaction on Monday, August 10th. The shares were 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 of the company's stock, valued at $2,212,235.35. The trade was a 4.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Patrick Mcnutt sold 8,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is owned by insiders.

Darling Ingredients Company Profile

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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