Timothy G. Youngquist 2020 Irrevocable Trust Invests $994,000 in Darling Ingredients Inc. $DAR

Key Points

• Timothy G. Youngquist 2020 Irrevocable Trust acquired 18,200 shares of Darling Ingredients, worth approximately $994,000. Institutional investors collectively own 94.44% of the company.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $69.00.
• Darling Ingredients reported quarterly EPS of $2.41, exceeding estimates of $1.40, while revenue rose 16.4% year over year to $1.72 billion. The stock opened at $68.27, near its 52-week high of $68.59.

Timothy G. Youngquist 2020 Irrevocable Trust acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 18,200 shares of the company's stock, valued at approximately $994,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company's stock valued at $20,119,000 after buying an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Darling Ingredients by 10.9% during the first 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 purchased a new position in shares of Darling Ingredients in the first quarter worth about $205,000. M&T Bank Corp increased its holdings 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 worth $318,000 after buying an additional 847 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Darling Ingredients by 5.0% in the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company's stock valued at $25,705,000 after acquiring an additional 32,553 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DAR. Stephens raised their price target on Darling Ingredients from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Zacks Research downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Scotiabank boosted their price objective on Darling Ingredients from $61.00 to $70.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. Barclays increased their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. Finally, TD Cowen lifted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $69.00.

Darling Ingredients Stock Up 0.9%

NYSE DAR opened at $68.27 on Wednesday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $68.59. The stock has a market capitalization of $10.77 billion, a PE ratio of 18.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The business's 50-day moving average is $59.31 and its 200 day moving average is $57.94.

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

Insiders Place Their Bets

In related news, Director Charles L. Adair purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the acquisition, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 directly owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,591 shares of company stock valued at $704,303 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

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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