GSA Capital Partners LLP Buys New Position in Darling Ingredients Inc. $DAR

GSA Capital Partners LLP purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 16,660 shares of the company’s stock, valued at approximately $910,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAR. Danske Bank A S acquired a new stake in Darling Ingredients in the third quarter valued at approximately $25,000. Allworth Financial LP lifted its position in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in shares of Darling Ingredients in the fourth quarter valued at $29,000. Finally, Leonteq Securities AG purchased a new position in shares of Darling Ingredients in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DAR shares. TD Cowen lifted their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Scotiabank raised their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group increased their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling 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 sale, the executive vice president directly 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 Securities & Exchange Commission, which is available through this link. Also, Director Charles L. Adair bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the purchase, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 in the last ninety days. 1.90% of the stock is owned by insiders.

Darling Ingredients Stock Performance

DAR stock opened at $68.27 on Wednesday. The stock’s fifty day moving average is $59.31 and its two-hundred day moving average is $57.94. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 18.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $68.59.

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

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.