Advisors Preferred LLC Invests $3.86 Million in Darling Ingredients Inc. $DAR

Advisors Preferred LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 62,466 shares of the company’s stock, valued at approximately $3,864,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after acquiring an additional 512,219 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Darling Ingredients by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock valued at $288,704,000 after purchasing an additional 242,857 shares during the last quarter. Davis Selected Advisers increased its stake in shares of Darling Ingredients by 15.8% during the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after purchasing an additional 388,366 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Darling Ingredients by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock worth $102,249,000 after purchasing an additional 76,151 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Darling Ingredients by 3.2% during the 4th quarter. Morgan Stanley now owns 2,649,084 shares of the company’s stock worth $95,367,000 after purchasing an additional 82,616 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 0.4%

Shares of NYSE DAR opened at $61.76 on Wednesday. The firm has a market cap of $9.82 billion, a P/E ratio of 44.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The firm’s 50 day moving average price is $58.47 and its 200 day moving average price is $53.86.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted ($0.16) EPS. Darling Ingredients’s revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 4.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DAR shares. Stephens upped their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Robert W. Baird increased their price objective on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Barclays lifted their price objective on Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. One investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.82.

Insider Activity at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was 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 in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.