Globeflex Capital L P Acquires New Holdings in Darling Ingredients Inc. $DAR

Globeflex Capital L P bought a new stake in Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,728 shares of the company’s stock, valued at approximately $695,000.

Several other large investors also recently added to or reduced their stakes in DAR. BlackRock Inc. acquired a new position in Darling Ingredients during the second quarter worth $851,450,000. AIA Group Ltd acquired a new stake in shares of Darling Ingredients in the first quarter worth about $4,453,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Darling Ingredients during the 4th quarter worth about $585,000. BNP Paribas Financial Markets increased its holdings in shares of Darling Ingredients by 26.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after acquiring an additional 277,233 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after acquiring an additional 282,994 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. 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 report on Monday, May 4th. TD Cowen boosted their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Barclays raised their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.00.

Insider Activity at Darling Ingredients

In other news, Director Charles L. Adair bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired 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 directly owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction dated 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 directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,591 shares of company stock worth $704,303 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance

NYSE:DAR opened at $62.52 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $69.98. The company has a fifty day moving average price of $60.13 and a 200 day moving average price of $58.57. The stock has a market cap of $9.87 billion, a P/E ratio of 16.85 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted $0.08 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

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.