Globeflex Capital L P Buys New Position in Darling Ingredients Inc. $DAR

Globeflex Capital L P bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,484 shares of the company’s stock, valued at approximately $896,000.

A number of other hedge funds have also added to or reduced their stakes in DAR. SJS Investment Consulting Inc. lifted its stake in Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the period. Allworth Financial LP grew its position in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the period. Cedar Mountain Advisors LLC bought a new stake in shares of Darling Ingredients in the 1st quarter valued at $47,000. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the 4th quarter valued at $29,000. Finally, Danske Bank A S bought a new position in Darling Ingredients during the third quarter worth $25,000. 94.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction 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 approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Jefferies Financial Group raised their target price on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Robert W. Baird upped their price target on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Finally, UBS Group increased their price target on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.82.

Darling Ingredients Stock Up 1.3%

Darling Ingredients stock opened at $64.77 on Thursday. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 46.93 and a beta of 1.04. The firm’s fifty day moving average price is $58.45 and its two-hundred day moving average price is $55.00. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 30th. The company reported $0.83 EPS 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Darling Ingredients Inc. will post 4.67 earnings per share for the current fiscal year.

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.