47,683 Shares in Darling Ingredients Inc. $DAR Acquired by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 47,683 shares of the company’s stock, valued at approximately $2,604,000.

A number of other hedge funds have also recently modified their holdings of DAR. BlackRock Inc. acquired a new position in Darling Ingredients in the second quarter valued at $851,450,000. Deutsche Bank AG acquired a new stake in Darling Ingredients during the 2nd quarter worth approximately $168,348,000. Norges Bank purchased a new position in shares of Darling Ingredients in the 4th quarter valued at approximately $94,211,000. No Street GP LP acquired a new stake in shares of Darling Ingredients during the third quarter worth $69,458,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Darling Ingredients in the 2nd quarter valued at $118,952,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays raised their price target on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, TD Cowen upped their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.00.

Insider Buying and Selling

In other news, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the sale, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick Mcnutt sold 8,000 shares of the company’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 completion of the transaction, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. The trade was a 18.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,591 shares of company stock worth $704,303 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Darling Ingredients Stock Down 0.0%

Shares of DAR opened at $62.56 on Thursday. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $69.98. The company’s fifty day moving average is $60.31 and its two-hundred day moving average is $58.68. The firm has a market cap of $9.87 billion, a PE ratio of 16.86 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating 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%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share 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.