Vancity Investment Management Ltd Takes Position in Darling Ingredients Inc. $DAR

Key Points

• Vancity Investment Management Ltd has made a new investment in Darling Ingredients Inc., acquiring 28,208 shares valued at approximately $881,000 during the first quarter.
• In the most recent quarterly earnings report, Darling Ingredients reported earnings per share of $0.09, missing the consensus estimate of $0.12, with a net margin of 1.85% and a revenue of $1.48 billion.
• Analysts have varying ratings on Darling Ingredients, with one "Strong Buy," five "Buy," and three "Hold" ratings, and a consensus price target of $43.57.

Vancity Investment Management Ltd purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,208 shares of the company's stock, valued at approximately $881,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sciencast Management LP purchased a new position in shares of Darling Ingredients in the first quarter worth about $359,000. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 93,408 shares during the last quarter. Teza Capital Management LLC increased its position in shares of Darling Ingredients by 11.6% during the first quarter. Teza Capital Management LLC now owns 16,364 shares of the company's stock valued at $511,000 after acquiring an additional 1,697 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Darling Ingredients by 10.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 718,828 shares of the company's stock valued at $22,456,000 after purchasing an additional 69,300 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Darling Ingredients by 548.4% in the first quarter. AQR Capital Management LLC now owns 635,351 shares of the company's stock valued at $19,588,000 after purchasing an additional 537,356 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research analyst reports. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Piper Sandler cut their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Robert W. Baird reaffirmed a "neutral" rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Jefferies Financial Group lifted their target price 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. One equities research 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. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Insider Activity at Darling Ingredients

In other 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 transaction of $1,082,200.00. Following the completion of the transaction, the chief executive officer 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 legal filing with the SEC, which is available through this link. 2.62% of the stock is currently owned by corporate insiders.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded down $0.40 on Friday, hitting $31.52. The company's stock had a trading volume of 1,517,381 shares, compared to its average volume of 2,260,997. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $33.47 and a 200-day moving average price of $33.02. 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 (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Darling Ingredients's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients 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.