Quantitative Investment Management LLC Invests $1.12 Million in Darling Ingredients Inc. $DAR

Quantitative Investment Management LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 20,489 shares of the company’s stock, valued at approximately $1,119,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DAR. SJS Investment Consulting Inc. raised its holdings in Darling Ingredients by 69.9% during 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 in the last quarter. Turtle Creek Wealth Advisors LLC increased its holdings in shares of Darling Ingredients by 2.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after acquiring an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after acquiring an additional 220 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after purchasing an additional 267 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its holdings in Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In related news, EVP Patrick Mcnutt sold 8,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares of the company’s stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 in the last 90 days. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Cowen increased their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Barclays raised their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Trading Up 3.5%

Shares of DAR opened at $66.59 on Tuesday. The stock’s 50-day moving average price is $60.95 and its 200 day moving average price is $59.01. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 17.95 and a beta of 1.02. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. As a group, research analysts predict that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

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.