UniSuper Management Pty Ltd Trims Stake 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 lowered its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 41.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 226,776 shares of the company's stock after selling 163,095 shares during the period. UniSuper Management Pty Ltd owned about 0.14% of Darling Ingredients worth $7,084,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in Darling Ingredients by 2.0% in the 1st quarter. Xponance Inc. now owns 20,183 shares of the company's stock worth $631,000 after buying an additional 393 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Darling Ingredients by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 38,074 shares of the company's stock valued at $1,189,000 after purchasing an additional 400 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Darling Ingredients by 19.8% during the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock valued at $88,000 after purchasing an additional 468 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Darling Ingredients by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock valued at $581,000 after purchasing an additional 470 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted 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 during the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of NYSE DAR traded down $0.40 during mid-day trading on Friday, hitting $31.52. 1,517,381 shares of the company's stock traded hands, compared to its average volume of 2,260,997. The company's 50-day moving average is $33.47 and its two-hundred day moving average is $32.99. 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 company has a market capitalization of $4.99 billion, a P/E ratio of 47.75 and a beta of 1.16. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 business 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 quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on DAR shares. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective for the company. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. 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 report on Monday, July 28th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Robert W. Baird reissued a "neutral" rating and set a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.57.

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.