Quantitative Investment Management LLC Purchases New Shares in Darling Ingredients Inc. $DAR

Quantitative Investment Management LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,489 shares of the company’s stock, valued at approximately $1,119,000.

A number of other institutional investors also recently modified their holdings of the stock. 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 worth $26,000 after purchasing an additional 174 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its holdings in Darling Ingredients by 2.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after buying an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Darling Ingredients by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after acquiring an additional 220 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of 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 in the last quarter. Finally, Basecamp Wealth Advisors LLC lifted 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 acquiring an additional 270 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the sale, the executive vice president directly owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the sale, the chief accounting officer owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,591 shares of company stock worth $704,303. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAR. Barclays upped their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. TD Cowen lifted their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. 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. Finally, JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Darling Ingredients Stock Up 3.5%

Shares of DAR opened at $66.59 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The firm’s 50 day moving average is $60.95 and its 200-day moving average is $59.01. The stock has a market capitalization of $10.51 billion, a PE ratio of 17.95 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released 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 firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. Equities research analysts forecast that Darling Ingredients Inc. will post 6.98 EPS for the current 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.