Peregrine Capital Management LLC Sells 30,965 Shares of Darling Ingredients Inc. $DAR

Key Points

• Peregrine Capital Management LLC cut its stake in Darling Ingredients by 15.3%, selling 30,965 shares and holding 171,407 shares worth about $6.17 million at quarter-end.
• CEO Randall C. Stuewe sold 20,000 shares on March 6 at an average price of $52.12, leaving him with 1,117,085 shares; company insiders own roughly 1.90% of the stock.
• Several analysts have raised price targets and ratings, leaving a consensus "Buy" with an average target of $66 versus the recent share price near $61, indicating analyst optimism and potential upside.

Peregrine Capital Management LLC decreased its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,407 shares of the company's stock after selling 30,965 shares during the period. Peregrine Capital Management LLC owned 0.11% of Darling Ingredients worth $6,171,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Darling Ingredients by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company's stock valued at $240,058,000 after acquiring an additional 22,055 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Darling Ingredients by 6.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company's stock valued at $158,119,000 after acquiring an additional 287,665 shares in the last quarter. Davis Selected Advisers grew its holdings in shares of Darling Ingredients by 0.4% in the 3rd quarter. Davis Selected Advisers now owns 2,453,940 shares of the company's stock valued at $75,753,000 after acquiring an additional 10,370 shares in the last quarter. No Street GP LP bought a new position in shares of Darling Ingredients in the 3rd quarter valued at about $69,458,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Darling Ingredients by 2.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,546,291 shares of the company's stock valued at $47,734,000 after acquiring an additional 35,595 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Trading Up 1.2%

Shares of DAR stock opened at $60.96 on Friday. The firm has a 50 day moving average price of $56.91 and a two-hundred day moving average price of $43.86. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.68 billion, a PE ratio of 156.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. Darling Ingredients Inc. has a 12-month low of $28.32 and a 12-month high of $64.90.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $1.71 billion during the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. As a group, analysts predict that Darling Ingredients Inc. will post 3.63 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DAR. Stephens lifted their price target on Darling Ingredients from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday. TD Cowen lifted their price target on Darling Ingredients from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $59.00 to $69.00 and gave the stock an "overweight" rating in a report on Tuesday, March 24th. Wall Street Zen upgraded Darling Ingredients from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Finally, Jefferies Financial Group lifted their price target on Darling Ingredients from $66.00 to $73.00 and gave the stock a "buy" rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $66.00.

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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