Public Employees Retirement System of Ohio Makes New Investment in Darling Ingredients Inc. $DAR

Public Employees Retirement System of Ohio bought a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,953 shares of the company’s stock, valued at approximately $2,728,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DAR. BlackRock Inc. purchased a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $851,450,000. AIA Group Ltd purchased a new stake in Darling Ingredients in the 1st quarter valued at approximately $4,453,000. Fideuram Asset Management Ireland dac purchased a new stake in Darling Ingredients in the 4th quarter valued at approximately $585,000. BNP Paribas Financial Markets grew its holdings in Darling Ingredients by 26.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after buying an additional 277,233 shares during the last quarter. Finally, Strs Ohio grew its holdings in Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after buying an additional 282,994 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $65.32 on Friday. The firm has a market capitalization of $10.31 billion, a P/E ratio of 17.61 and a beta of 1.02. The stock has a fifty day moving average price of $62.05 and a 200 day moving average price of $59.41. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week 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.

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

Insider Activity at Darling Ingredients

In other Darling Ingredients news, EVP Nicholas Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This trade represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Adair acquired 1,000 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the purchase, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 10,591 shares of company stock worth $704,303. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. TD Cowen increased their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.00.

About Darling Ingredients

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.