311,400 Shares in Darling Ingredients Inc. $DAR Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 311,400 shares of the company’s stock, valued at approximately $17,009,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Darling Ingredients in the 2nd quarter valued at approximately $851,450,000. Vanguard Group Inc. grew its stake in Darling Ingredients by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after purchasing an additional 512,219 shares during the period. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after purchasing an additional 47,565 shares in the last quarter. Deutsche Bank AG bought a new position in Darling Ingredients in the second quarter worth $168,348,000. Finally, Davis Selected Advisers lifted its position in Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after buying an additional 388,366 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $64.35 on Friday. The business has a fifty day moving average price of $60.68 and a 200-day moving average price of $58.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The company has a market capitalization of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.08 EPS. Darling Ingredients’s revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Insider Activity

In related news, Director Charles L. Adair bought 1,000 shares of the stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the purchase, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick Mcnutt sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,591 shares of company stock valued at $704,303 in the last quarter. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Barclays upped their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target 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.