Rheos Capital Works Inc. Sells 75,000 Shares of Darling Ingredients Inc. $DAR

Key Points

• Rheos Capital Works Inc. sold 75,000 shares of Darling Ingredients Inc., reducing its stake by 15% to 425,000 shares valued at approximately $16.1 million.
• CEO Randall C. Stuewe sold 35,000 shares for over $1 million, which represented a 4.29% decrease in his ownership of the stock.
• Analyst ratings for Darling Ingredients show a consensus of "Moderate Buy" with an average price target of $43.25, despite mixed individual ratings from various firms.

Rheos Capital Works Inc. reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 425,000 shares of the company's stock after selling 75,000 shares during the quarter. Rheos Capital Works Inc. owned about 0.27% of Darling Ingredients worth $16,125,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DAR. Cary Street Partners Investment Advisory LLC acquired a new position in Darling Ingredients in the first quarter valued at about $30,000. Hexagon Capital Partners LLC lifted its holdings in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Darling Ingredients by 101.3% during the 1st 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. Parallel Advisors LLC grew its position in shares of Darling Ingredients by 45.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company's stock valued at $82,000 after purchasing an additional 674 shares during the period. Finally, Spire Wealth Management increased its stake in Darling Ingredients by 19.8% during the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after purchasing an additional 468 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Insider Activity at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.07% of the company's stock.

Analyst Ratings Changes

DAR has been the subject of several research analyst reports. Jefferies Financial Group set a $42.00 price target on shares of Darling Ingredients in a report on Wednesday, October 8th. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Piper Sandler lowered their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. started coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price target on the stock. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Darling Ingredients in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.25.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $31.66 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The business has a 50-day moving average of $31.83 and a 200-day moving average of $33.01. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 1.60 and a beta of 1.22. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company 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 business's revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.

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