11,901 Shares in Darling Ingredients Inc. $DAR Purchased by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, Holdings Channel reports. The firm bought 11,901 shares of the company’s stock, valued at approximately $633,000.

Other hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in shares of Darling Ingredients by 69.9% during the 1st 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. Turtle Creek Wealth Advisors LLC increased its stake in Darling Ingredients by 2.6% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after purchasing an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Darling Ingredients by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after purchasing an additional 220 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after purchasing an additional 267 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC raised its holdings in Darling Ingredients by 35.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after purchasing an additional 270 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on DAR shares. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Barclays lifted their price target on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Stephens boosted their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insider Activity

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares of the company’s stock, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance

DAR stock opened at $66.86 on Monday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $67.68. 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’s 50 day moving average price is $58.93 and its 200 day moving average price is $57.60. The firm has a market cap of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its quarterly 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. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $0.08 earnings per share. Darling Ingredients’s revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

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.