UBS Group AG Sells 4,092,495 Shares of Darling Ingredients Inc. $DAR

UBS Group AG trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR) by 44.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,090,623 shares of the company’s stock after selling 4,092,495 shares during the period. UBS Group AG’s holdings in Darling Ingredients were worth $183,262,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after acquiring an additional 512,219 shares during the last quarter. Marathon Capital Management raised its holdings in Darling Ingredients by 1.4% during the 4th quarter. Marathon Capital Management now owns 55,775 shares of the company’s stock valued at $2,008,000 after buying an additional 790 shares during the last quarter. NBC Securities Inc. raised its holdings in Darling Ingredients by 1.3% during the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock valued at $875,000 after buying an additional 318 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its holdings in Darling Ingredients by 8.0% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 7,429 shares of the company’s stock valued at $267,000 after buying an additional 550 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Darling Ingredients by 230.6% during the 4th quarter. M&T Bank Corp now owns 22,615 shares of the company’s stock valued at $814,000 after buying an additional 15,774 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 2.4%

Shares of NYSE DAR opened at $62.83 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $64.90. The firm has a market capitalization of $9.97 billion, a PE ratio of 161.09 and a beta of 1.08. The firm has a fifty day simple moving average of $57.72 and a two-hundred day simple moving average of $44.79.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion during the quarter. Equities analysts expect that Darling Ingredients Inc. will post 3.73 earnings per share for the current year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DAR. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $66.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. BMO Capital Markets upped their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Piper Sandler upped their price target on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. UBS Group upped their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $67.40.

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.