Aristotle Atlantic Partners LLC Cuts Stock Holdings in Darling Ingredients Inc. $DAR

Aristotle Atlantic Partners LLC trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 750,162 shares of the company’s stock after selling 373,720 shares during the period. Darling Ingredients comprises approximately 1.2% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 26th largest position. Aristotle Atlantic Partners LLC’s holdings in Darling Ingredients were worth $27,006,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in 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 buying an additional 509 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $29,000. Danske Bank A S purchased a new stake in shares of Darling Ingredients during the third quarter worth about $25,000. Leonteq Securities AG purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $36,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Darling Ingredients

In related 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 transaction, the chief accounting officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DAR shares. UBS Group increased their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen lowered shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Scotiabank increased their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. TD Cowen increased their target price on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Price Performance

DAR stock opened at $53.76 on Thursday. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a market cap of $8.54 billion, a P/E ratio of 38.95 and a beta of 1.02. The firm has a 50-day moving average of $60.27 and a 200 day moving average of $51.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned ($0.16) earnings per share. Darling Ingredients’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 4.68 EPS for the current year.

About Darling Ingredients

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.