Edgestream Partners L.P. Purchases Shares of 16,826 Darling Ingredients Inc. $DAR

Edgestream Partners L.P. purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,826 shares of the company’s stock, valued at approximately $1,041,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC increased its position in Darling Ingredients by 125.4% in the 1st quarter. Janus Henderson Group PLC now owns 156,881 shares of the company’s stock valued at $9,703,000 after acquiring an additional 87,281 shares during the period. Bull Harbor Capital LLC bought a new stake in Darling Ingredients during the 1st quarter valued at $452,000. Smith Group Asset Management LLC acquired a new position in Darling Ingredients during the 1st quarter worth $397,000. Amundi boosted its position in Darling Ingredients by 16.9% during the 1st quarter. Amundi now owns 1,010,620 shares of the company’s stock worth $62,507,000 after acquiring an additional 146,220 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Darling Ingredients by 211.6% in the first quarter. EverSource Wealth Advisors LLC now owns 4,147 shares of the company’s stock worth $256,000 after purchasing an additional 2,816 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Down 1.4%

Shares of DAR stock opened at $59.76 on Tuesday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 3.89. The business’s fifty day moving average is $58.53 and its 200-day moving average is $56.26. The stock has a market cap of $9.50 billion, a PE ratio of 16.11 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Equities analysts expect that Darling Ingredients Inc. will post 5.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, Director Charles L. Adair purchased 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, with a total value of $60,970.00. Following the acquisition, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DAR. TD Cowen raised their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Robert W. Baird boosted their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Company Profile

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.