27,139 Shares in Darling Ingredients Inc. $DAR Bought by Private Advisory Group LLC

Private Advisory Group LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, Holdings Channel reports. The firm purchased 27,139 shares of the company’s stock, valued at approximately $1,482,000.

Several other institutional investors have also recently bought and sold shares of DAR. Norges Bank bought a new position in shares of Darling Ingredients in the fourth quarter valued at $94,211,000. No Street GP LP bought a new stake in shares of Darling Ingredients during the third quarter worth about $69,458,000. Assenagon Asset Management S.A. raised its holdings in shares of Darling Ingredients by 72.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock worth $129,388,000 after acquiring an additional 882,185 shares during the last quarter. Rubric Capital Management LP acquired a new stake in shares of Darling Ingredients in the 4th quarter worth about $24,510,000. Finally, Amundi lifted its position in Darling Ingredients by 177.7% in the 4th quarter. Amundi now owns 864,400 shares of the company’s stock valued at $31,119,000 after acquiring an additional 553,081 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays lifted their price target on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Jefferies Financial Group lifted their target price on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. TD Cowen upped their price target on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Scotiabank increased their price target 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. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, Director Charles L. Adair purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the transaction, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Up 1.7%

Darling Ingredients stock opened at $66.86 on Friday. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $67.68. The stock has a market cap of $10.55 billion, a PE ratio of 18.02 and a beta of 1.02. The firm’s 50-day simple moving average is $58.93 and its 200 day simple moving average is $57.49. 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 issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Research analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

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.