Darling Ingredients Inc. $DAR Stock: State of Wyoming Grows Stake

State of Wyoming boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 279.0% in the 3rd quarter, Holdings Channel reports. The firm owned 12,316 shares of the company’s stock after buying an additional 9,066 shares during the period. State of Wyoming’s holdings in Darling Ingredients were worth $748,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Darling Ingredients by 46.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,900 shares of the company’s stock worth $2,362,000 after buying an additional 12,400 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Darling Ingredients by 30.7% in the third quarter. Parcion Private Wealth LLC now owns 5,233 shares of the company’s stock valued at $318,000 after buying an additional 1,229 shares in the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter valued at $799,000. Hanseatic Management Services Inc. lifted its position in shares of Darling Ingredients by 1.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 22,541 shares of the company’s stock valued at $1,368,000 after acquiring an additional 364 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Darling Ingredients by 126.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,728 shares of the company’s stock valued at $166,000 after acquiring an additional 1,524 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Darling Ingredients

In other news, EVP Nicholas Kemphaus sold 1,591 shares of the company’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 sale, the executive vice president owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. This represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick McNutt sold 8,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Up 1.0%

NYSE DAR opened at $55.69 on Friday. The firm has a 50-day simple moving average of $62.11 and a 200 day simple moving average of $58.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. Darling Ingredients Inc. has a twelve month low of $31.48 and a twelve month high of $69.98. The stock has a market cap of $8.79 billion, a PE ratio of 10.59 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business posted $0.12 EPS. On average, research analysts forecast that Darling Ingredients Inc. will post 6.88 EPS for the current year.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of analyst reports. TD Cowen lifted their price target 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 upped their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 12th. Finally, Stephens reissued an “overweight” rating and issued a $80.00 price target on shares of Darling Ingredients in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.80.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.