179,455 Shares of Darling Ingredients Inc. $DAR Purchased by One Way Holdings LLC

One Way Holdings LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 179,455 shares of the company’s stock, valued at approximately $10,895,000.

Other hedge funds have also recently modified their holdings of the company. Greenleaf Trust grew its stake in shares of Darling Ingredients by 5.9% in the third quarter. Greenleaf Trust now owns 7,074 shares of the company’s stock worth $429,000 after acquiring an additional 392 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Darling Ingredients by 69.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 47,473 shares of the company’s stock worth $2,882,000 after purchasing an additional 19,428 shares during the period. State of Wyoming grew its position in shares of Darling Ingredients by 279.0% during the 3rd quarter. State of Wyoming now owns 12,316 shares of the company’s stock valued at $748,000 after acquiring an additional 9,066 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Darling Ingredients by 46.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,900 shares of the company’s stock worth $2,362,000 after buying an additional 12,400 shares during the period. Finally, Parcion Private Wealth LLC lifted its holdings in Darling Ingredients by 30.7% during the third quarter. Parcion Private Wealth LLC now owns 5,233 shares of the company’s stock valued at $318,000 after purchasing an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAR. UBS Group upped their price objective on Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Barclays lifted their price target on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Jefferies Financial Group upgraded shares of Darling Ingredients to a “strong-buy” rating in a report on Tuesday, September 29th. Stephens reissued an “overweight” rating and issued a $80.00 price objective on shares of Darling Ingredients in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Darling Ingredients Trading Down 0.1%

Darling Ingredients stock opened at $55.69 on Monday. The stock has a 50-day moving average of $62.11 and a two-hundred day moving average of $58.20. The stock has a market cap of $8.79 billion, a PE ratio of 10.59 and a beta of 1.04. Darling Ingredients Inc. has a one year low of $31.48 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. During the same period last year, the business earned $0.12 earnings per share. On average, research analysts anticipate that Darling Ingredients Inc. will post 6.88 EPS for the current fiscal year.

Insider Activity at Darling Ingredients

In other news, EVP Patrick McNutt sold 8,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This trade represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,591 shares of company stock worth $704,303. Company insiders own 1.90% of the company’s stock.

About Darling Ingredients

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.