Persistent Asset Partners Ltd Invests $540,000 in Darling Ingredients Inc. $DAR

Persistent Asset Partners Ltd bought a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 15,000 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new position in Darling Ingredients in the third quarter worth approximately $25,000. Allworth Financial LP increased its holdings in shares of Darling Ingredients by 227.2% during the fourth 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. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the fourth quarter worth approximately $29,000. Leonteq Securities AG bought a new position in shares of Darling Ingredients in the 4th quarter worth $35,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Darling Ingredients in the 4th quarter worth $36,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Price Performance

DAR opened at $55.22 on Wednesday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 40.01 and a beta of 1.02. The firm’s fifty day moving average price is $60.47 and its two-hundred day moving average price is $50.99.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts anticipate that Darling Ingredients Inc. will post 4.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

DAR has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. TD Cowen boosted their target price on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group boosted their target price 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. Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, UBS Group lifted their price target on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Insider Transactions at Darling Ingredients

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

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.