Private Management Group Inc. Acquires 38,662 Shares of Darling Ingredients Inc. $DAR

Private Management Group Inc. increased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 4.0% in the third quarter, Holdings Channel reports. The institutional investor owned 1,013,359 shares of the company’s stock after buying an additional 38,662 shares during the period. Private Management Group Inc.’s holdings in Darling Ingredients were worth $31,282,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC bought a new position in Darling Ingredients during the 3rd quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at $37,000. EverSource Wealth Advisors LLC lifted its position in shares of Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after acquiring an additional 886 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Darling Ingredients by 138.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after acquiring an additional 877 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Darling Ingredients by 37.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock worth $51,000 after purchasing an additional 455 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets upped their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Jefferies Financial Group reiterated a “buy” rating and set a $66.00 price objective on shares of Darling Ingredients in a research note on Friday, February 13th. TD Cowen raised their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Trading Down 2.9%

Shares of DAR opened at $54.72 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $57.35. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 140.31, a PEG ratio of 0.44 and a beta of 1.24. The business’s fifty day moving average is $47.23 and its 200-day moving average is $38.28.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.62% of the company’s stock.

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.