Vancity Investment Management Ltd Makes New $881,000 Investment 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 bought a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 28,208 shares of the company's stock, valued at approximately $881,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the 4th quarter worth $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Darling Ingredients in the 1st quarter worth $30,000. Hexagon Capital Partners LLC increased its stake in shares of Darling Ingredients by 33.3% in the 1st 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. increased its stake in shares of Darling Ingredients by 207.1% in the 1st 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 increased its stake in shares of Darling Ingredients by 101.3% in the 1st 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. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $32.07 on Monday. The business has a 50-day moving average of $34.20 and a 200 day moving average of $33.20. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 48.59 and a beta of 1.16. 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 announced its quarterly earnings data 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 company had revenue of $1.48 billion during 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 business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

DAR has been the subject of a number of recent analyst reports. Robert W. Baird reissued a "neutral" rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Jefferies Financial Group raised their price objective on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Piper Sandler cut their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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 that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.07% of the stock is owned by company insiders.

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.

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