Darling Ingredients Inc. $DAR Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Darling Ingredients Inc. (NYSE:DAR) by 37.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,615 shares of the company’s stock after buying an additional 55,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Darling Ingredients were worth $12,655,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DAR. AIA Group Ltd purchased a new stake in Darling Ingredients during the 1st quarter worth about $4,453,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Darling Ingredients in the 4th quarter valued at about $585,000. BNP Paribas Financial Markets boosted its stake in shares of Darling Ingredients by 26.8% in 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 period. Ninety One UK Ltd grew its position in shares of Darling Ingredients by 28.3% during the fourth quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock worth $18,677,000 after buying an additional 114,397 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Darling Ingredients during the fourth quarter worth approximately $17,728,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $60.46 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The firm’s 50 day moving average is $58.43 and its two-hundred day moving average is $55.52. The firm has a market capitalization of $9.61 billion, a P/E ratio of 43.81 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm earned ($0.16) EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Research analysts forecast that Darling Ingredients Inc. will post 5.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DAR has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday. Stephens increased their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.73.

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.