UNIVEST FINANCIAL Corp Makes New $3.36 Million Investment in Darling Ingredients Inc. $DAR

UNIVEST FINANCIAL Corp acquired a new position in Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 61,438 shares of the company’s stock, valued at approximately $3,356,000.

Other large investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of Darling Ingredients in the third quarter worth $25,000. Allworth Financial LP raised its holdings in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares during the period. SJS Investment Consulting Inc. raised its holdings in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in shares of Darling Ingredients in the fourth quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients in the fourth quarter worth about $35,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Darling Ingredients news, Director Charles L. Adair acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the acquisition, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president directly owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays increased their target price on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Scotiabank upped 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. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Trading Up 0.7%

Shares of DAR stock opened at $67.50 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 18.19 and a beta of 1.02. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $67.95. The stock’s 50-day moving average price is $59.11 and its 200-day moving average price is $57.77.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company earned $0.08 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal 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.