UNIVEST FINANCIAL Corp Sells 14,705 Shares of Darling Ingredients Inc. $DAR

UNIVEST FINANCIAL Corp lessened its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,246 shares of the company’s stock after selling 14,705 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Darling Ingredients were worth $3,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Danske Bank A S acquired a new position in shares of Darling Ingredients during the third quarter worth about $25,000. Allworth Financial LP raised its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the last quarter. SJS Investment Consulting Inc. raised its position in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients in the 4th quarter valued at approximately $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Buying and Selling

In related news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares of the company’s stock, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR traded up $0.62 on Friday, hitting $60.81. 1,806,898 shares of the stock were exchanged, compared to its average volume of 2,462,021. The company has a market capitalization of $9.66 billion, a PE ratio of 44.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The business’s fifty day moving average is $58.58 and its 200 day moving average is $53.36. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share. Research analysts anticipate that Darling Ingredients Inc. will post 4.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DAR shares. 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 research note on Tuesday, May 12th. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Stephens raised their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Finally, Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.82.

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.