Bank Julius Baer & Co. Ltd Zurich Has $6.97 Million Stock Holdings in Darling Ingredients Inc. $DAR

Bank Julius Baer & Co. Ltd Zurich reduced its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,810 shares of the company’s stock after selling 19,763 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Darling Ingredients were worth $6,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. Vanguard Group Inc. boosted its holdings in shares of Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after purchasing an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Darling Ingredients by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock worth $240,058,000 after buying an additional 22,055 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Darling Ingredients by 6.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after buying an additional 287,665 shares in the last quarter. Davis Selected Advisers lifted its position in shares of Darling Ingredients by 15.8% during the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after buying an additional 388,366 shares during the last quarter. Finally, No Street GP LP bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $69,458,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $62.76 on Friday. The business has a 50 day moving average of $59.63 and a 200-day moving average of $46.87. The company has a market capitalization of $9.97 billion, a P/E ratio of 45.48 and a beta of 1.07. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 0.99.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that Darling Ingredients Inc. will post 4.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on DAR. Weiss Ratings upgraded Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday. Scotiabank raised their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, UBS Group increased their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Buy” and an average price target of $69.00.

Insiders Place Their Bets

In related news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares of the company’s stock, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by insiders.

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.