Hsbc Holdings PLC Takes $7.95 Million Position in Darling Ingredients Inc. $DAR

Hsbc Holdings PLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 144,263 shares of the company’s stock, valued at approximately $7,953,000. Hsbc Holdings PLC owned approximately 0.09% of Darling Ingredients at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DAR. BlackRock Inc. bought a new stake in Darling Ingredients during the second quarter valued at $851,450,000. Deutsche Bank AG bought a new stake in Darling Ingredients in the second quarter valued at $168,348,000. Norges Bank acquired a new position in Darling Ingredients during the 4th quarter valued at about $94,211,000. No Street GP LP acquired a new position in shares of Darling Ingredients during the third quarter worth approximately $69,458,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Darling Ingredients in the second quarter worth $118,952,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

NYSE DAR opened at $64.35 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02. The company has a 50 day simple moving average of $60.68 and a 200-day simple moving average of $58.81. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $69.98.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion for 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 revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. Equities research analysts predict that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Barclays raised their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group raised their price objective on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles L. Adair bought 1,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the transaction, the director directly owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 10,591 shares of company stock valued at $704,303 over the last three months. 1.90% of the stock is owned by insiders.

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.