Nuveen LLC Acquires New Position in Darling Ingredients Inc. $DAR

Key Points

• Nuveen LLC invested approximately $11.55 million in Darling Ingredients Inc., acquiring 369,577 shares during the first quarter.
• Many hedge funds have recently modified their stakes in Darling Ingredients, with 94.44% of the stock owned by institutional investors and hedge funds.
• Analyst ratings for Darling Ingredients are mixed, with one strong buy, five buy ratings, and three hold ratings, leading to a consensus rating of "Moderate Buy".

Nuveen LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 369,577 shares of the company's stock, valued at approximately $11,546,000. Nuveen LLC owned approximately 0.23% of Darling Ingredients at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DAR. Guggenheim Capital LLC lifted its holdings in Darling Ingredients by 11.7% in the 4th quarter. Guggenheim Capital LLC now owns 21,778 shares of the company's stock worth $734,000 after buying an additional 2,285 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Darling Ingredients by 9.1% in the 4th quarter. MetLife Investment Management LLC now owns 89,648 shares of the company's stock worth $3,020,000 after buying an additional 7,466 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Darling Ingredients by 65.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,611 shares of the company's stock worth $324,000 after buying an additional 3,817 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Darling Ingredients by 210.4% in the 4th quarter. Hsbc Holdings PLC now owns 145,469 shares of the company's stock worth $4,894,000 after buying an additional 98,611 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in Darling Ingredients by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 61,406 shares of the company's stock worth $2,069,000 after buying an additional 18,368 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Down 0.2%

Shares of Darling Ingredients stock traded down $0.08 during trading on Thursday, reaching $34.37. The company had a trading volume of 1,775,890 shares, compared to its average volume of 2,237,679. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 52.07 and a beta of 1.19. The firm's fifty day moving average is $34.86 and its 200-day moving average is $33.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49.

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 analysts' consensus estimates of $0.12 by ($0.03). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on DAR shares. Baird R W lowered shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price objective on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Piper Sandler cut their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and an average price target of $43.57.

Darling Ingredients Company 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.