Braun Stacey Associates Inc. Makes New $19.76 Million Investment in Darling Ingredients Inc. $DAR

Braun Stacey Associates Inc. acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, Holdings Channel reports. The firm acquired 361,748 shares of the company’s stock, valued at approximately $19,759,000.

Several other large investors also recently modified their holdings of DAR. BlackRock Inc. acquired a new stake in Darling Ingredients in the 2nd quarter valued at $851,450,000. Deutsche Bank AG acquired a new position in Darling Ingredients during the second quarter worth $168,348,000. Norges Bank bought a new position in shares of Darling Ingredients during the fourth quarter valued at $94,211,000. Bank of America Corp DE bought a new position in shares of Darling Ingredients during the second quarter valued at $129,371,000. Finally, No Street GP LP acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at $69,458,000. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAR. JPMorgan Chase & Co. upped their target price 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. Barclays boosted their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Activity at Darling Ingredients

In related news, EVP Patrick Mcnutt sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the transaction, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles L. Adair acquired 1,000 shares of Darling Ingredients stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the acquisition, the director owned 51,690 shares in the company, valued at approximately $3,151,539.30. This represents a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Stock Up 4.8%

Shares of NYSE:DAR opened at $64.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $10.15 billion, a P/E ratio of 17.35 and a beta of 1.02. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The company’s 50-day moving average price is $60.68 and its two-hundred day moving average price is $58.81.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts forecast 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.