Lombard Odier Asset Management USA Corp Has $1.70 Million Stock Position in Darling Ingredients Inc. $DAR

Lombard Odier Asset Management USA Corp trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 20.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,232 shares of the company’s stock after selling 12,268 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Darling Ingredients were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Danske Bank A S purchased a new position in Darling Ingredients in the third quarter valued at about $25,000. Allworth Financial LP grew its stake in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Darling Ingredients in the fourth quarter valued at about $29,000. Leonteq Securities AG purchased a new position in Darling Ingredients in the fourth quarter valued at about $35,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Darling Ingredients in the fourth quarter valued at about $36,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird boosted their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Weiss Ratings upgraded Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Stephens boosted their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group boosted 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. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Insider Activity

In other news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated 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 owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

DAR opened at $55.22 on Wednesday. The company has a market cap of $8.78 billion, a PE ratio of 40.01 and a beta of 1.02. The stock has a 50-day moving average of $60.47 and a 200-day moving average of $50.99. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate 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 was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.16) EPS. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 4.68 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.