Nuveen LLC Takes 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 purchased a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 369,577 shares of the company's stock, valued at approximately $11,546,000. Nuveen LLC owned 0.23% of Darling Ingredients at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Darling Ingredients in the 1st quarter worth $30,000. Hexagon Capital Partners LLC boosted its holdings in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after buying an additional 500 shares during the last quarter. UMB Bank n.a. grew its holdings in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after purchasing an additional 1,373 shares during the period. Finally, GAMMA Investing LLC increased its stake in Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after purchasing an additional 1,038 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, July 28th. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target on the stock. Jefferies Financial Group raised their price target on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Darling Ingredients Stock Up 3.3%

Shares of NYSE:DAR traded up $1.1560 during mid-day trading on Monday, reaching $35.9760. 2,943,344 shares of the stock were exchanged, compared to its average volume of 2,101,182. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The company has a market cap of $5.69 billion, a P/E ratio of 54.51 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The stock's 50 day simple moving average is $35.11 and its 200-day simple moving average is $33.64.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

About Darling Ingredients

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.