Geode Capital Management LLC Purchases 76,151 Shares of Darling Ingredients Inc. $DAR

Geode Capital Management LLC boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,839,649 shares of the company’s stock after acquiring an additional 76,151 shares during the period. Geode Capital Management LLC’s holdings in Darling Ingredients were worth $102,249,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new stake in Darling Ingredients in the 3rd quarter worth $25,000. Allworth Financial LP grew its holdings in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares during the last quarter. Leonteq Securities AG bought a new stake in Darling Ingredients in the 4th quarter worth $35,000. Abich Financial Wealth Management LLC bought a new stake in Darling Ingredients in the 3rd quarter worth $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 2.1%

Shares of NYSE DAR opened at $59.42 on Friday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The stock has a market cap of $9.44 billion, a P/E ratio of 43.06 and a beta of 1.02. The firm has a 50-day moving average of $61.09 and a 200 day moving average of $49.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. Darling Ingredients’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

Analyst Ratings Changes

DAR has been the subject of several research analyst reports. BMO Capital Markets raised their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Scotiabank raised their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Stephens raised their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group raised their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

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.