Capstone Investment Advisors LLC Invests $514,000 in Darling Ingredients Inc. $DAR

Capstone Investment Advisors LLC acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,407 shares of the company’s stock, valued at approximately $514,000.

A number of other hedge funds also recently bought and sold shares of DAR. Danske Bank A S purchased a new stake in Darling Ingredients in the third quarter worth approximately $25,000. Allworth Financial LP raised its stake in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of 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 acquiring 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 valued at $35,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Up 4.8%

NYSE:DAR opened at $64.35 on Friday. The company has a fifty day moving average of $60.68 and a 200 day moving average of $58.81. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $69.98. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $10.15 billion, a P/E ratio of 17.35 and a beta of 1.02.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on DAR. JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Jefferies Financial Group raised their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. TD Cowen lifted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Activity

In related news, EVP Patrick Mcnutt sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 10,591 shares of company stock valued at $704,303. Company insiders own 1.90% of the company’s stock.

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.