Private Advisory Group LLC Purchases Shares of 27,139 Darling Ingredients Inc. $DAR

Key Points

• Private Advisory Group LLC purchased 27,139 shares of Darling Ingredients, valued at approximately $1.48 million. Institutional investors collectively own 94.44% of the company.
• Darling Ingredients reported quarterly earnings of $2.41 per share, beating estimates of $1.40, while revenue rose 16.4% year over year to $1.72 billion.
• Analyst sentiment remains favorable, with an average “Moderate Buy” rating and a consensus price target of $69.00, although two executives recently sold shares.

Private Advisory Group LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,139 shares of the company's stock, valued at approximately $1,482,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Darling Ingredients by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company's stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Darling Ingredients by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company's stock valued at $18,768,000 after buying an additional 58,925 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Darling Ingredients in the 1st quarter valued at about $205,000. M&T Bank Corp increased its stake in shares of Darling Ingredients by 11.2% in the second quarter. M&T Bank Corp now owns 8,384 shares of the company's stock valued at $318,000 after buying an additional 847 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Darling Ingredients by 5.0% in the second quarter. Invesco Ltd. now owns 677,528 shares of the company's stock valued at $25,705,000 after buying an additional 32,553 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $66.86 on Friday. The business has a 50-day moving average price of $58.93 and a two-hundred day moving average price of $57.49. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $67.68. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The company has a market cap of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. As a group, analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Insider Transactions at Darling Ingredients

In other news, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. The trade was a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DAR. Weiss Ratings raised Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. Scotiabank increased their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Stephens raised their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.00.

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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