Triodos Investment Management BV Raises Stake in Darling Ingredients Inc. $DAR

Key Points

• Triodos Investment Management BV increased its stake in Darling Ingredients Inc. by 5.4% during Q2, owning over 932,000 shares after acquiring an additional 47,500 shares.
• The company's CEO, Randall C. Stuewe, sold 35,000 shares at a price of $30.92, reducing his ownership by 4.29% to 781,437 shares.
• Analysts have mixed ratings on Darling Ingredients, with price targets ranging from $42 to $54, while the stock currently has a consensus price target of $43.25.

Triodos Investment Management BV raised its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 932,914 shares of the company's stock after purchasing an additional 47,500 shares during the quarter. Darling Ingredients accounts for about 2.7% of Triodos Investment Management BV's investment portfolio, making the stock its 15th largest position. Triodos Investment Management BV owned approximately 0.59% of Darling Ingredients worth $35,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company's stock valued at $488,654,000 after buying an additional 73,925 shares during the last quarter. Gates Capital Management Inc. increased its position in Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company's stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Darling Ingredients by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock worth $233,701,000 after purchasing an additional 1,026,958 shares during the last quarter. Earnest Partners LLC increased its position in Darling Ingredients by 0.9% in the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company's stock worth $127,535,000 after purchasing an additional 36,085 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Darling Ingredients by 2.4% in the first quarter. Deutsche Bank AG now owns 3,394,250 shares of the company's stock worth $106,036,000 after purchasing an additional 78,770 shares during the last quarter. Institutional investors own 94.44% of the company's stock.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares of the company's stock, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on DAR shares. Jefferies Financial Group set a $42.00 price objective on shares of Darling Ingredients in a research note on Wednesday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Darling Ingredients in a research note on Wednesday. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective for the company. Piper Sandler dropped their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, July 28th. Finally, Bank of America started coverage on shares of Darling Ingredients in a research note on Wednesday. They set a "buy" rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued 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 stock has an average rating of "Moderate Buy" and a consensus price target of $43.25.

Darling Ingredients Stock Down 0.5%

Shares of DAR opened at $31.37 on Friday. The firm has a market capitalization of $4.96 billion, a P/E ratio of 47.53 and a beta of 1.22. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $31.90 and a 200-day moving average price of $33.00.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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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