Lazard Asset Management LLC Has $1.44 Million Stock Holdings in Darling Ingredients Inc. $DAR

Lazard Asset Management LLC decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 37.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 23,236 shares of the company’s stock after selling 13,693 shares during the period. Lazard Asset Management LLC’s holdings in Darling Ingredients were worth $1,437,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after purchasing an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after buying an additional 58,925 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Darling Ingredients during the 1st quarter worth about $205,000. M&T Bank Corp grew its holdings in shares of Darling Ingredients by 11.2% in the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after acquiring an additional 847 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Darling Ingredients by 5.0% in the second quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after acquiring an additional 32,553 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Darling Ingredients news, Director Charles L. Adair purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the purchase, the director owned 51,690 shares in the company, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Scotiabank raised their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Robert W. Baird boosted their target price on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $60.15 on Wednesday. The business’s 50 day moving average price is $58.54 and its two-hundred day moving average price is $56.40. The company has a market cap of $9.56 billion, a PE ratio of 16.21 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 3.89 and a debt-to-equity ratio of 0.13. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $66.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts predict that Darling Ingredients Inc. will post 6.21 EPS for the current year.

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.