Darling Ingredients Inc. $DAR Position Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 35.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,410 shares of the company’s stock after purchasing an additional 29,423 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Darling Ingredients were worth $6,891,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Danske Bank A S acquired a new position in Darling Ingredients in the 3rd quarter valued at approximately $25,000. Allworth Financial LP increased its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the last quarter. SJS Investment Consulting Inc. increased 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. Litman Gregory Wealth Management LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $29,000. Finally, Leonteq Securities AG purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $56.53 on Friday. The stock has a market capitalization of $8.98 billion, a P/E ratio of 40.97 and a beta of 1.04. The business has a 50-day moving average of $58.73 and a two-hundred day moving average of $52.50. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week 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.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DAR has been the subject of several recent research reports. Weiss Ratings cut Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. 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. Finally, Scotiabank increased their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.82.

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.