Darling Ingredients Inc. $DAR Stake Trimmed by Southernsun Asset Management LLC

Southernsun Asset Management LLC cut its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 31.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 780,110 shares of the company’s stock after selling 354,737 shares during the quarter. Darling Ingredients accounts for 7.0% of Southernsun Asset Management LLC’s portfolio, making the stock its largest position. Southernsun Asset Management LLC’s holdings in Darling Ingredients were worth $48,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAR. SJS Investment Consulting Inc. increased its position in shares of Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares in the last quarter. Allworth Financial LP lifted its position in shares of 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 acquiring an additional 509 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Darling Ingredients in the 1st quarter valued at approximately $47,000. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients in the 4th quarter worth approximately $29,000. Finally, Danske Bank A S acquired a new position in Darling Ingredients in the 3rd quarter worth approximately $25,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Up 0.7%

Darling Ingredients stock opened at $63.97 on Wednesday. The firm has a market cap of $10.17 billion, a PE ratio of 46.35 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The firm’s 50 day moving average price is $58.40 and its two-hundred day moving average price is $54.80. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $66.02.

Darling Ingredients (NYSE:DAR) last issued its earnings results 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 analyst estimates of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) EPS. On average, research analysts predict that Darling Ingredients Inc. will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DAR shares. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Robert W. Baird raised their target price on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. UBS Group lifted their price target on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Barclays upped their price target on Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.82.

Darling Ingredients Company 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.