45,952 Shares in Darling Ingredients Inc. $DAR Acquired by Dockside LLC

Dockside LLC purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,952 shares of the company’s stock, valued at approximately $2,510,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its position in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after buying an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Darling Ingredients by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after acquiring an additional 220 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after acquiring an additional 267 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its holdings in Darling Ingredients by 35.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after acquiring an additional 270 shares during the period. Institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the sale, the executive vice president owned 35,777 shares of the company’s stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the company’s stock in a transaction on Monday, August 10th. The stock was 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. The trade was a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DAR shares. Stephens raised their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Barclays lifted their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Trading Up 1.7%

Shares of Darling Ingredients stock opened at $66.86 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $67.68. The firm has a market capitalization of $10.55 billion, a PE ratio of 18.02 and a beta of 1.02. The firm’s 50-day moving average price is $58.93 and its 200 day moving average price is $57.49.

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 company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. On average, sell-side analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal 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.