28,000 Shares in Darling Ingredients Inc. $DAR Purchased by Maxi Investments CY Ltd

Maxi Investments CY Ltd acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,000 shares of the company’s stock, valued at approximately $1,008,000.

Several other large investors have also recently modified their holdings of the stock. Danske Bank A S bought a new position in shares of Darling Ingredients during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of Darling Ingredients in the 3rd quarter worth $37,000. Torren Management LLC purchased a new stake in Darling Ingredients during the fourth quarter valued at approximately $50,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Darling Ingredients by 138.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after purchasing an additional 877 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 1.4%

DAR stock opened at $62.21 on Friday. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $66.02. The company’s 50 day moving average price is $58.65 and its 200 day moving average price is $45.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 4.64. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 45.08 and a beta of 1.07.

Darling Ingredients (NYSE:DAR) last announced 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 net margin of 3.54% and a return on equity of 5.76%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted ($0.16) EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 4.54 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAR. Weiss Ratings restated a “sell (d+)” rating on shares of Darling Ingredients in a research note on Friday, April 10th. Piper Sandler raised their target price on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Stephens raised their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Finally, Scotiabank increased their price target on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Darling Ingredients has an average rating of “Buy” and a consensus target price of $68.00.

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.