22,480 Shares in Darling Ingredients Inc. $DAR Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,480 shares of the company’s stock, valued at approximately $1,228,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Danske Bank A S purchased a new stake in shares of Darling Ingredients in the 3rd quarter worth about $25,000. Allworth Financial LP lifted 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 purchasing an additional 509 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $29,000. Finally, Leonteq Securities AG purchased a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 2.1%

Shares of DAR opened at $66.94 on Thursday. The company has a market capitalization of $10.56 billion, a PE ratio of 18.04 and a beta of 1.02. 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 $68.77. The business’s 50 day moving average is $59.47 and its 200 day moving average is $58.08.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. Darling Ingredients’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. Research analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DAR shares. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Jefferies Financial Group upped their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Transactions at Darling Ingredients

In other news, Director Charles L. Adair bought 1,000 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,591 shares of company stock valued at $704,303 over the last 90 days. Insiders own 1.90% of the company’s stock.

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.