UniSuper Management Pty Ltd Has $7.08 Million Stock Holdings in Darling Ingredients Inc. $DAR

Key Points

• UniSuper Management Pty Ltd reduced its stake in Darling Ingredients Inc. by 41.8%, holding now 226,776 shares valued at $7.08 million after selling 163,095 shares.
• Several analysts have recently adjusted their ratings on Darling's stock, with Tudor Pickering upgrading it to a "strong-buy" and Robert W. Baird lowering its price target from $40.00 to $36.00.
• CEO Randall C. Stuewe sold 35,000 shares at $30.92 each, marking a 4.29% decrease in his ownership, while company insiders currently own 2.07% of the stock.

UniSuper Management Pty Ltd lessened its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,776 shares of the company's stock after selling 163,095 shares during the period. UniSuper Management Pty Ltd owned 0.14% of Darling Ingredients worth $7,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter worth $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Darling Ingredients in the first quarter worth $30,000. Hexagon Capital Partners LLC grew its stake in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after acquiring an additional 500 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after acquiring an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after acquiring an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DAR shares. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Robert W. Baird restated a "neutral" rating and issued a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Finally, Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer directly owned 781,437 shares of the company's stock, valued at $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.07% of the stock is currently owned by company insiders.

Darling Ingredients Stock Up 1.6%

Shares of DAR stock opened at $32.07 on Monday. The stock has a market cap of $5.07 billion, a P/E ratio of 48.59 and a beta of 1.16. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The stock has a fifty day moving average price of $34.20 and a 200 day moving average price of $33.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.48 billion during 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 firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. Analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Darling Ingredients Company Profile

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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