Jupiter Topco LLC Acquires New Position in Darling Ingredients Inc. $DAR

Jupiter Topco LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 165,371 shares of the company’s stock, valued at approximately $9,034,000. Jupiter Topco LLC owned 0.10% of Darling Ingredients as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Darling Ingredients in the second quarter valued at $851,450,000. AIA Group Ltd purchased a new stake in Darling Ingredients during the 1st quarter worth about $4,453,000. Fideuram Asset Management Ireland dac purchased a new stake in Darling Ingredients during the 4th quarter worth about $585,000. BNP Paribas Financial Markets raised its position in Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after purchasing an additional 277,233 shares in the last quarter. Finally, Strs Ohio raised its position in Darling Ingredients by 7,554.6% in the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after purchasing an additional 282,994 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Up 0.0%

NYSE:DAR opened at $64.35 on Monday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $69.98. The stock has a market cap of $10.15 billion, a P/E ratio of 17.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a 50-day simple moving average of $60.68 and a 200-day simple moving average of $58.89.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share 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 return on equity of 12.98% and a net margin of 9.13%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. As a group, analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Insider Activity at Darling Ingredients

In related news, Director Charles L. Adair acquired 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average price of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares in the company, valued at $3,151,539.30. This trade 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 this link. Also, EVP Patrick Mcnutt sold 8,000 shares of the business’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 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. This represents a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,591 shares of company stock valued at $704,303. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays boosted their price objective on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. 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. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, TD Cowen increased their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.