DNB Asset Management AS Purchases 86,459 Shares of Darling Ingredients Inc. $DAR

DNB Asset Management AS increased its position in Darling Ingredients Inc. (NYSE:DAR) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,245,217 shares of the company’s stock after purchasing an additional 86,459 shares during the quarter. DNB Asset Management AS’s holdings in Darling Ingredients were worth $44,828,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Darling Ingredients by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after acquiring an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 0.3% during the third 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Darling Ingredients by 6.0% during the third 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 in the last quarter. Davis Selected Advisers raised its stake in Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after acquiring an additional 388,366 shares in the last quarter. Finally, No Street GP LP acquired a new position in Darling Ingredients during the third quarter worth $69,458,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of DAR stock opened at $62.35 on Friday. The stock has a 50-day moving average price of $59.81 and a 200 day moving average price of $46.98. The company has a quick ratio of 0.99, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 45.18 and a beta of 1.07. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned ($0.16) earnings per share. Research analysts expect that Darling Ingredients Inc. will post 4.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird increased their price objective on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. TD Cowen raised their target price on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group raised their target price on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Stephens raised their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $69.00.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by company insiders.

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.