Dimensional Fund Advisors LP Buys 47,565 Shares of Darling Ingredients Inc. $DAR

Dimensional Fund Advisors LP lifted its stake in Darling Ingredients Inc. (NYSE:DAR) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,066,971 shares of the company’s stock after purchasing an additional 47,565 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Darling Ingredients worth $498,927,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DAR. Parallel Advisors LLC boosted its position in Darling Ingredients by 19.9% during the 1st quarter. Parallel Advisors LLC now owns 2,544 shares of the company’s stock valued at $157,000 after acquiring an additional 423 shares in the last quarter. KBC Group NV raised its position in shares of Darling Ingredients by 2.0% in the 1st quarter. KBC Group NV now owns 45,234 shares of the company’s stock worth $2,798,000 after acquiring an additional 870 shares in the last quarter. Swiss National Bank raised its position in shares of Darling Ingredients by 0.4% in the 1st quarter. Swiss National Bank now owns 313,000 shares of the company’s stock worth $19,359,000 after acquiring an additional 1,100 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of Darling Ingredients in the 1st quarter valued at approximately $1,331,000. Finally, AIA Group Ltd bought a new stake in shares of Darling Ingredients during the first quarter valued at approximately $4,453,000. 94.44% of the stock is owned by institutional investors.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR opened at $63.61 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. The stock has a market cap of $10.11 billion, a P/E ratio of 46.09 and a beta of 1.04. The business’s 50 day moving average price is $58.39 and its 200-day moving average price is $54.60. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DAR. TD Cowen reduced their price target on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Stephens raised their price objective on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Sunday, July 5th. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, Scotiabank increased their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.82.

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.