Lombard Odier Asset Management Europe Ltd Purchases 22,796 Shares of Darling Ingredients Inc. $DAR

Lombard Odier Asset Management Europe Ltd grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 14.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 183,301 shares of the company’s stock after buying an additional 22,796 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Darling Ingredients were worth $11,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its holdings in shares of Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in Darling Ingredients by 2.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after acquiring an additional 196 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Darling Ingredients by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after acquiring an additional 220 shares during the period. Coldstream Capital Management Inc. boosted its position in Darling Ingredients by 3.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after purchasing an additional 267 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after purchasing an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the firm’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 completion of the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 1.5%

DAR stock opened at $62.42 on Friday. The stock has a fifty day moving average of $58.47 and a 200-day moving average of $55.23. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $66.02. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 45.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. As a group, equities research analysts predict that Darling Ingredients Inc. will post 5.04 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DAR. Scotiabank raised 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. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. TD Cowen reduced their price target on shares of Darling Ingredients from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.82.

Darling Ingredients 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.