45,900 Shares in Darling Ingredients Inc. $DAR Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the first quarter, HoldingsChannel reports. The institutional investor purchased 45,900 shares of the company’s stock, valued at approximately $2,839,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DAR. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Darling Ingredients by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after acquiring an additional 220 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Darling Ingredients by 3.6% during the fourth 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 last quarter. Public Employees Retirement System of Ohio lifted its position in Darling Ingredients by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock valued at $1,508,000 after purchasing an additional 304 shares during the period. NBC Securities Inc. lifted its position in Darling Ingredients by 1.3% during the fourth quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock valued at $875,000 after purchasing an additional 318 shares during the period. Finally, Union Bancaire Privee UBP SA boosted its holdings in Darling Ingredients by 1.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock worth $731,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was 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 owned 19,969 shares in the company, valued at $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DAR. Weiss Ratings lowered Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. increased their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, Jefferies Financial Group upped their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.45.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $52.48 on Monday. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 38.03 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $59.14 and its 200-day simple moving average is $51.92. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) earnings per share. As a group, analysts expect that Darling Ingredients Inc. will post 4.59 earnings per share for the current fiscal year.

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.