Steward Partners Investment Advisory LLC Has $105,000 Holdings in Darling Ingredients Inc. (NYSE:DAR)

Steward Partners Investment Advisory LLC trimmed its position in shares of Darling Ingredients Inc. (NYSE:DARGet Rating) by 17.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,303 shares of the company’s stock after selling 272 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Darling Ingredients were worth $105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DAR. Marshall Wace LLP lifted its holdings in shares of Darling Ingredients by 1,257.1% in the fourth quarter. Marshall Wace LLP now owns 4,126,968 shares of the company’s stock valued at $285,958,000 after purchasing an additional 3,822,875 shares in the last quarter. Impax Asset Management Group plc increased its position in Darling Ingredients by 38.3% during the fourth quarter. Impax Asset Management Group plc now owns 4,044,181 shares of the company’s stock worth $279,274,000 after buying an additional 1,120,368 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Darling Ingredients by 1,249.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 715,058 shares of the company’s stock worth $49,546,000 after buying an additional 662,058 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Darling Ingredients by 25.8% in the first quarter. Artemis Investment Management LLP now owns 2,496,559 shares of the company’s stock valued at $200,392,000 after purchasing an additional 511,366 shares during the last quarter. Finally, Pictet Asset Management SA grew its position in shares of Darling Ingredients by 23.2% in the fourth quarter. Pictet Asset Management SA now owns 1,994,605 shares of the company’s stock valued at $138,206,000 after purchasing an additional 375,509 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DAR. Cowen began coverage on Darling Ingredients in a research report on Monday, April 25th. They set a “market perform” rating and a $80.00 target price on the stock. Cowen cut their target price on shares of Darling Ingredients to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Stephens lifted their target price on shares of Darling Ingredients from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Piper Sandler boosted their price objective on shares of Darling Ingredients to $98.00 in a research report on Monday, July 25th. Finally, StockNews.com cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.33.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $70.92 on Wednesday. The company’s 50 day moving average price is $68.31 and its two-hundred day moving average price is $71.39. Darling Ingredients Inc. has a 12-month low of $55.71 and a 12-month high of $87.59. The firm has a market cap of $11.45 billion, a PE ratio of 17.17 and a beta of 1.24. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 0.48.

Darling Ingredients (NYSE:DARGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Darling Ingredients had a net margin of 13.58% and a return on equity of 20.76%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was up 30.5% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients Inc. will post 5.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Charles L. Adair purchased 500 shares of Darling Ingredients stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average price of $73.95 per share, for a total transaction of $36,975.00. Following the transaction, the director now owns 36,051 shares of the company’s stock, valued at approximately $2,665,971.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Charles L. Adair purchased 500 shares of Darling Ingredients stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average price of $73.95 per share, for a total transaction of $36,975.00. Following the transaction, the director now owns 36,051 shares of the company’s stock, valued at approximately $2,665,971.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Bullock sold 12,872 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $81.34, for a total transaction of $1,047,008.48. Following the sale, the executive vice president now owns 109,496 shares in the company, valued at approximately $8,906,404.64. The disclosure for this sale can be found here. Insiders have sold a total of 67,333 shares of company stock worth $5,347,539 in the last quarter. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Company Profile

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Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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