ASR Vermogensbeheer N.V. Has $18.88 Million Stock Holdings in Darling Ingredients Inc. $DAR

ASR Vermogensbeheer N.V. increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 497,500 shares of the company’s stock after purchasing an additional 28,507 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Darling Ingredients were worth $18,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC boosted its holdings in Darling Ingredients by 16.5% during the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company’s stock valued at $6,835,000 after purchasing an additional 30,952 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Darling Ingredients by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock valued at $953,000 after purchasing an additional 4,933 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Darling Ingredients by 14.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company’s stock valued at $4,821,000 after purchasing an additional 19,113 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Darling Ingredients by 6,187.6% during the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company’s stock valued at $2,063,000 after purchasing an additional 63,423 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in Darling Ingredients during the first quarter valued at approximately $255,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 1.5%

Shares of DAR opened at $31.33 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The business’s 50 day simple moving average is $32.19 and its 200-day simple moving average is $32.94. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a market capitalization of $4.96 billion, a P/E ratio of 47.46 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. The trade was a 4.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

DAR has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Darling Ingredients in a report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price objective on the stock. Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Piper Sandler reduced their target price on Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, July 28th. Tudor Pickering raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Finally, Jefferies Financial Group boosted their target price on Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.57.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.