One Way Holdings LLC Makes New Investment in Darling Ingredients Inc. $DAR

Key Points

• One Way Holdings LLC acquired 179,455 shares of Darling Ingredients in the third quarter, valued at approximately $10.9 million and representing a 0.11% stake.
• Institutional ownership remains high at 94.44%, while company insiders sold 10,591 shares worth $704,303 during the latest quarter.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $73.80 price target. Darling’s latest quarterly EPS of $1.67 slightly missed estimates, while revenue matched expectations at $1.79 billion.

One Way Holdings LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 179,455 shares of the company's stock, valued at approximately $10,895,000. One Way Holdings LLC owned 0.11% of Darling Ingredients at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DAR. BlackRock Inc. bought a new stake in Darling Ingredients during the second quarter worth about $851,450,000. Deutsche Bank AG bought a new position in Darling Ingredients in the second quarter valued at about $168,348,000. Bank of America Corp DE bought a new position in shares of Darling Ingredients in the second quarter worth about $129,371,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Darling Ingredients in the second quarter worth about $118,952,000. Finally, Man Group plc bought a new stake in shares of Darling Ingredients during the 2nd quarter valued at approximately $78,876,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Insider Buying and Selling

In related news, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the sale, the chief accounting officer directly owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicholas Kemphaus sold 1,591 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $63.05, for a total value 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. This represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,591 shares of company stock worth $704,303 in the last quarter. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Cowen boosted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Zacks Research downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Wall Street Zen downgraded Darling Ingredients from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Stephens restated an "overweight" rating and set a $80.00 price target on shares of Darling Ingredients in a report on Thursday, October 15th. Finally, Barclays upped their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.80.

Darling Ingredients Trading Down 0.1%

Shares of Darling Ingredients stock opened at $55.69 on Monday. The firm has a market cap of $8.79 billion, a PE ratio of 10.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. Darling Ingredients Inc. has a 1 year low of $31.48 and a 1 year high of $69.98. The stock has a fifty day moving average price of $62.11 and a 200-day moving average price of $58.20.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. During the same quarter in the prior year, the business earned $0.12 EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 6.88 EPS for the current year.

About Darling Ingredients

Darling Ingredients Inc NYSE: DAR is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.

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