Vanguard Group Inc. Raises Holdings in Darling Ingredients Inc. $DAR

Key Points

• Vanguard Group Inc. increased its stake in Darling Ingredients by 3.4% in Q4, adding 512,219 shares to hold 15,394,342 shares (about 9.73%) worth roughly $554.2 million.
• Darling beat Q2 EPS estimates ($0.83 vs. $0.56) with revenue of $1.55 billion (up 12.3% YoY), and analysts maintain a consensus "Buy" with an average target near $68 after several price-target upgrades.
• Insider selling was reported (CAO Joseph Manzi sold 3,000 shares; CEO Randall Stuewe sold 20,000), while institutional investors own about 94.44% of the company and insiders hold ~1.90%.

Vanguard Group Inc. boosted its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,394,342 shares of the company's stock after acquiring an additional 512,219 shares during the period. Vanguard Group Inc. owned about 9.73% of Darling Ingredients worth $554,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Darling Ingredients by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company's stock worth $240,058,000 after acquiring an additional 22,055 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Darling Ingredients by 6.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company's stock worth $158,119,000 after acquiring an additional 287,665 shares during the period. Davis Selected Advisers grew its stake in Darling Ingredients by 0.4% in the 3rd quarter. Davis Selected Advisers now owns 2,453,940 shares of the company's stock worth $75,753,000 after acquiring an additional 10,370 shares during the period. No Street GP LP purchased a new stake in Darling Ingredients in the 3rd quarter worth approximately $69,458,000. Finally, Brown Brothers Harriman & Co. grew its stake in Darling Ingredients by 2.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,546,291 shares of the company's stock worth $47,734,000 after acquiring an additional 35,595 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company's stock.

Darling Ingredients Stock Up 0.9%

Shares of DAR opened at $64.33 on Tuesday. The firm has a market cap of $10.21 billion, a PE ratio of 46.62 and a beta of 1.07. The company's fifty day moving average is $57.96 and its two-hundred day moving average is $45.12. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $64.90. The company has a quick ratio of 0.99, a current ratio of 4.64 and a debt-to-equity ratio of 0.15.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.76%. Darling Ingredients's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) EPS. Analysts forecast that Darling Ingredients Inc. will post 4.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Zacks Research raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a report on Monday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Darling Ingredients in a report on Friday, April 10th. Finally, TD Cowen lifted their price target on shares of Darling Ingredients from $72.00 to $76.00 and gave the company a "buy" rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $68.00.

About Darling Ingredients

Darling Ingredients Inc NYSE: DAR is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company's core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

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