Pacer Advisors Inc. Has $1.16 Million Stake in Darling Ingredients Inc. $DAR

Key Points

• Pacer Advisors cut its Darling Ingredients stake by 88.5% in the first quarter, selling 145,139 shares and retaining 18,784 shares valued at approximately $1.16 million. Institutional investors collectively own 94.44% of the company.
• Darling Ingredients reported strong quarterly results, with earnings per share of $2.41 versus the $1.40 analyst consensus and revenue of $1.72 billion, up 16.4% year over year.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $69.00. Director Charles L. Adair also purchased 1,000 shares at $60.97 each.

Pacer Advisors Inc. reduced its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 88.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,784 shares of the company's stock after selling 145,139 shares during the quarter. Pacer Advisors Inc.'s holdings in Darling Ingredients were worth $1,162,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Lombard Odier Asset Management Europe Ltd grew its holdings in Darling Ingredients by 14.2% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 183,301 shares of the company's stock valued at $11,337,000 after purchasing an additional 22,796 shares during the last quarter. Essential Partners LLC increased its stake in shares of Darling Ingredients by 123.8% in the first quarter. Essential Partners LLC now owns 1,477 shares of the company's stock worth $91,000 after purchasing an additional 817 shares during the period. Groupe la Francaise acquired a new position in shares of Darling Ingredients during the 1st quarter worth about $339,000. Dayah Capital LLC lifted its position in shares of Darling Ingredients by 195.0% during the 1st quarter. Dayah Capital LLC now owns 54,605 shares of the company's stock worth $3,377,000 after purchasing an additional 36,097 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Darling Ingredients during the 1st quarter valued at approximately $1,041,000. Institutional investors own 94.44% of the company's stock.

Insider Buying and Selling

In related news, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director directly owned 51,690 shares of the company's stock, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Performance

NYSE:DAR opened at $59.37 on Monday. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $66.02. The company has a quick ratio of 1.03, a current ratio of 3.89 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $9.44 billion, a PE ratio of 16.00 and a beta of 1.02. The firm has a 50-day moving average price of $58.55 and a 200 day moving average price of $56.81.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.08 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Research analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen upped their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Zacks Research downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Barclays upped their price target on Darling Ingredients from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Jefferies Financial Group lifted their price objective on Darling Ingredients from $73.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped 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. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.

About Darling Ingredients

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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