Deutsche Bank AG Takes $168.35 Million Position in Darling Ingredients Inc. $DAR

Deutsche Bank AG purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, HoldingsChannel reports. The firm purchased 3,082,175 shares of the company’s stock, valued at approximately $168,348,000.

Other large investors also recently modified their holdings of the company. Danske Bank A S bought a new position in Darling Ingredients in the third quarter valued at about $25,000. Allworth Financial LP boosted its position in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new stake in shares of Darling Ingredients during the 4th quarter valued at about $35,000. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other Darling Ingredients news, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles L. Adair purchased 1,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $60.97 per share, with a total value of $60,970.00. Following the completion of the transaction, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade 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 a total of 10,591 shares of company stock worth $704,303 in the last quarter. 1.90% of the stock is currently owned by insiders.

Darling Ingredients Stock Performance

Shares of DAR opened at $66.94 on Thursday. The business has a 50-day simple moving average of $59.47 and a two-hundred day simple moving average of $58.08. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $68.77. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 18.04 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last posted 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. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. On average, analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Wall Street Analysts Forecast Growth

DAR has been the topic of several recent research reports. Barclays increased their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Scotiabank boosted their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $69.00.

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.