28,312 Darling Ingredients Inc. $DAR Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in Darling Ingredients Inc. (NYSE:DAR) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,594 shares of the company’s stock after selling 28,312 shares during the quarter. Leeward Investments LLC MA’s holdings in Darling Ingredients were worth $9,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its position in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the period. McCarley & Cook Financial Planners acquired a new stake in Darling Ingredients in the 3rd quarter worth about $30,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Darling Ingredients in the 3rd quarter valued at about $34,000. Cedar Mountain Advisors LLC purchased a new stake in Darling Ingredients in the 1st quarter valued at about $47,000. Finally, Elevation Wealth Partners LLC grew its holdings in Darling Ingredients by 2,474.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 901 shares of the company’s stock valued at $55,000 after buying an additional 866 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAR has been the subject of a number of research analyst reports. 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. UBS Group raised their target price on shares of Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. TD Cowen raised their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Finally, Jefferies Financial Group raised shares of Darling Ingredients to a “strong-buy” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and an average target price of $73.80.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, EVP Patrick McNutt sold 8,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction 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. This represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nicholas Kemphaus sold 1,591 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,591 shares of company stock valued at $704,303. Insiders own 1.90% of the company’s stock.

Darling Ingredients Trading Up 0.1%

Shares of DAR opened at $56.28 on Monday. 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 capitalization of $8.88 billion, a P/E ratio of 15.17 and a beta of 1.04. The stock’s fifty day simple moving average is $63.25 and its 200 day simple moving average is $61.04. Darling Ingredients Inc. has a twelve month low of $31.48 and a twelve month high of $69.98.

Darling Ingredients (NYSE:DAR) last issued its earnings results 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 firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Darling Ingredients Inc. will post 7.09 earnings per share for the current year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.