Darling Ingredients Inc. $DAR Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 1,071.6% in the fourth quarter, Holdings Channel reports. The fund owned 491,040 shares of the company’s stock after buying an additional 449,127 shares during the period. Engineers Gate Manager LP’s holdings in Darling Ingredients were worth $17,677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DAR. Goldman Sachs Group Inc. raised its holdings in Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after acquiring an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Darling Ingredients by 10.9% in the 1st 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 acquiring an additional 58,925 shares during the last quarter. Focus Partners Wealth acquired a new stake in Darling Ingredients in the 1st quarter valued at about $205,000. M&T Bank Corp raised its holdings in Darling Ingredients by 11.2% in the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after acquiring an additional 847 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Darling Ingredients by 5.0% in the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after acquiring an additional 32,553 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Down 2.6%

Shares of NYSE DAR opened at $53.76 on Thursday. The company has a 50 day simple moving average of $60.27 and a 200-day simple moving average of $51.11. The company has a market capitalization of $8.54 billion, a P/E ratio of 38.95 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) EPS. On average, equities research analysts predict that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. raised 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. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Stephens raised their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Darling Ingredients Profile

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.