Royal Bank of Canada Sells 39,077 Shares of Darling Ingredients Inc. $DAR

Royal Bank of Canada trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 42.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,287 shares of the company’s stock after selling 39,077 shares during the quarter. Royal Bank of Canada’s holdings in Darling Ingredients were worth $3,296,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Encompass Capital Advisors LLC purchased a new position in shares of Darling Ingredients in the 1st quarter valued at $24,740,000. Quantinno Capital Management LP lifted its stake in shares of Darling Ingredients by 18.4% during the 1st quarter. Quantinno Capital Management LP now owns 124,684 shares of the company’s stock worth $7,712,000 after purchasing an additional 19,382 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Darling Ingredients during the 1st quarter worth $292,000. Lombard Odier Asset Management Europe Ltd boosted its position in Darling Ingredients by 14.2% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 183,301 shares of the company’s stock valued at $11,337,000 after purchasing an additional 22,796 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in Darling Ingredients during the first quarter valued at about $337,000. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of recent research reports. TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Stephens raised their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Barclays lifted their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Insider Buying and Selling

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of the company’s 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 sale, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick Mcnutt sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $66.86 on Friday. The business has a fifty day moving average of $58.93 and a 200 day moving average of $57.49. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $67.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 18.02 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. As a group, research analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current 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.