Hsbc Holdings PLC Makes New Investment in Darling Ingredients Inc. $DAR

Hsbc Holdings PLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, Holdings Channel.com reports. The fund bought 144,263 shares of the company’s stock, valued at approximately $7,953,000.

Several other large investors have also recently added to or reduced their stakes in DAR. SJS Investment Consulting Inc. increased its position 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 period. Turtle Creek Wealth Advisors LLC lifted its stake in Darling Ingredients by 2.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after purchasing an additional 196 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Darling Ingredients by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after purchasing an additional 220 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after purchasing an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC grew its stake in shares of Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DAR. Jefferies Financial Group raised their target price on 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 upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. TD Cowen increased their price objective on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Barclays increased their price objective on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $64.35 on Friday. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02. The firm’s 50-day moving average price is $60.68 and its two-hundred day moving average price is $58.81. 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 1-year low of $29.15 and a 1-year high of $69.98.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. Darling Ingredients’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities analysts predict that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the sale, the executive vice president directly owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This trade represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. The trade was a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,591 shares of company stock valued at $704,303. Company 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.