Quantbot Technologies LP Buys New Holdings in Darling Ingredients Inc. $DAR

Quantbot Technologies LP purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 7,773 shares of the company’s stock, valued at approximately $425,000.

A number of other large investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after buying an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Darling Ingredients by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after acquiring an additional 58,925 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Darling Ingredients in the first quarter valued at about $205,000. M&T Bank Corp increased its position in shares of Darling Ingredients by 11.2% in the second quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after acquiring an additional 847 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Darling Ingredients by 5.0% during the second quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after acquiring an additional 32,553 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 4.8%

Shares of Darling Ingredients stock opened at $64.35 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The company has a 50-day moving average of $60.68 and a 200 day moving average of $58.81. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $69.98.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group boosted 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. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Buying and Selling at Darling Ingredients

In related news, Director Charles L. Adair acquired 1,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $60.97 per share, with a total value of $60,970.00. Following the transaction, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the transaction, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This trade represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 over the last ninety days. 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.