Empowered Funds LLC Invests $2.94 Million in Darling Ingredients Inc. $DAR

Empowered Funds LLC acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 53,835 shares of the company’s stock, valued at approximately $2,940,000.

A number of other institutional investors also recently bought and sold shares of the stock. Danske Bank A S purchased a new position in shares of Darling Ingredients during the 3rd quarter valued at about $25,000. Allworth Financial LP increased its holdings in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $35,000. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on DAR shares. 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 raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. TD Cowen raised their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Buying and Selling

In other news, CAO Joseph Manzi sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the sale, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,591 shares of company stock worth $704,303 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $67.66 on Thursday. The stock’s fifty day moving average price is $61.54 and its 200-day moving average price is $59.26. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The firm has a market cap of $10.68 billion, a P/E ratio of 18.24 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

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.