Great Lakes Advisors LLC Acquires Shares of 46,914 Darling Ingredients Inc. $DAR

Great Lakes Advisors LLC purchased a new position in Darling Ingredients Inc. (NYSE:DAR) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 46,914 shares of the company’s stock, valued at approximately $2,562,000.

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

Trending Headlines about Darling Ingredients

Here are the key news stories impacting Darling Ingredients this week:

• Positive Sentiment: Strong second-quarter performance: Net income reached $387.3 million, while combined adjusted EBITDA rose to $741.7 million. Diamond Green Diesel (DGD) was a major contributor, generating approximately $389.2 million of Darling’s share of adjusted EBITDA. Darling Ingredients second-quarter earnings release
• Positive Sentiment: Capital-return and tax-credit support: The board expanded its share-repurchase authorization to $1 billion, and Darling agreed to sell approximately $150 million of production tax credits, potentially supporting cash flow and shareholder returns. Darling Ingredients press release
• Positive Sentiment: Favorable analyst momentum: Zacks Research upgraded DAR from “hold” to “strong-buy,” while recent broker targets have generally ranged from $70 to $79. Renewable-fuel policy support and tight renewable identification number (RIN) markets are also viewed as potential DGD tailwinds. Zacks Darling Ingredients momentum analysis
• Neutral Sentiment: Rally appears extended: Shares had advanced 12.8% over the preceding week and were approaching their 52-week high, increasing the likelihood of profit-taking and a technical reversal after strong news was already reflected in the valuation.
• Negative Sentiment: Execution risks remain: Analysts cited rising costs, flat feedstock throughput and capacity constraints. Future DGD profitability also depends on renewable-fuel policy, RIN prices and other market inputs. Zacks Darling Ingredients risk analysis
• Negative Sentiment: Mixed trading signals: Company insiders reported more selling than buying over the past six months, while institutional activity was broadly balanced but included sizable reductions by several funds. These signals may have added to short-term selling pressure.

Insider Buying and Selling at Darling Ingredients

In other news, EVP Patrick Mcnutt sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Manzi sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer 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 SEC filing for this sale provides additional information. Insiders sold a total of 10,591 shares of company stock worth $704,303 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $65.56 on Friday. The business’s 50 day moving average price is $59.86 and its 200-day moving average price is $58.29. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $69.98. 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 firm has a market capitalization of $10.35 billion, a PE ratio of 17.67 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

DAR has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. TD Cowen lifted their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $69.00.

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.