28,312 Darling Ingredients Inc. $DAR Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 14.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,594 shares of the company’s stock after selling 28,312 shares during the period. Leeward Investments LLC MA owned about 0.10% of Darling Ingredients worth $9,871,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DAR. BlackRock Inc. purchased a new position in Darling Ingredients during the 2nd quarter valued at about $851,450,000. Dimensional Fund Advisors LP raised its position in Darling Ingredients by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after acquiring an additional 47,565 shares during the last quarter. Deutsche Bank AG acquired a new position in Darling Ingredients during the second quarter worth about $168,348,000. Bank of America Corp DE acquired a new position in Darling Ingredients during the second quarter worth about $129,371,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Darling Ingredients by 5.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,212,634 shares of the company’s stock valued at $120,854,000 after purchasing an additional 120,674 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on DAR shares. Stephens reiterated an “overweight” rating and issued a $80.00 price target on shares of Darling Ingredients in a research report on Thursday, October 15th. TD Cowen raised their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Barclays upped their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.80.

Darling Ingredients Trading Up 0.1%

Darling Ingredients stock opened at $56.28 on Monday. The stock has a market cap of $8.88 billion, a PE ratio of 15.17 and a beta of 1.04. The stock has a 50-day moving average price of $63.25 and a 200 day moving average price of $61.04. Darling Ingredients Inc. has a 52 week low of $31.48 and a 52 week high of $69.98. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR) last announced its earnings results 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. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 EPS. Equities research analysts predict that Darling Ingredients Inc. will post 7.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Charles Adair purchased 1,000 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the acquisition, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is owned by corporate insiders.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.