Globeflex Capital L P Takes Position in Darling Ingredients Inc. $DAR

Globeflex Capital L P purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 14,484 shares of the company’s stock, valued at approximately $896,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Darling Ingredients by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after buying an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 47,565 shares in the last quarter. Davis Selected Advisers increased its holdings in shares of 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 buying an additional 388,366 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Darling Ingredients by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after acquiring an additional 76,151 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Darling Ingredients by 3.2% in the 4th quarter. Morgan Stanley now owns 2,649,084 shares of the company’s stock valued at $95,367,000 after acquiring an additional 82,616 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DAR. Barclays boosted their price objective on Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Scotiabank increased their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Robert W. Baird boosted their price target on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. TD Cowen lowered their price objective on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.82.

Darling Ingredients Trading Up 1.3%

NYSE DAR opened at $64.77 on Thursday. The firm has a market capitalization of $10.29 billion, a PE ratio of 46.93 and a beta of 1.04. The business’s 50-day moving average price is $58.45 and its two-hundred day moving average price is $55.00. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned ($0.16) earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Darling Ingredients Inc. will post 4.67 EPS for the current year.

Insider Transactions at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

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.