Ironwood Investment Management LLC lessened its stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 3.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 46,886 shares of the company’s stock after selling 1,769 shares during the period. Darling Ingredients comprises 1.7% of Ironwood Investment Management LLC’s investment portfolio, making the stock its 11th biggest position. Ironwood Investment Management LLC’s holdings in Darling Ingredients were worth $2,738,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its position in Darling Ingredients by 4.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,786 shares of the company’s stock worth $513,000 after purchasing an additional 385 shares during the period. Two Sigma Investments LP grew its holdings in Darling Ingredients by 80.6% during the 1st quarter. Two Sigma Investments LP now owns 13,000 shares of the company’s stock worth $759,000 after acquiring an additional 5,800 shares during the period. Deutsche Bank AG grew its holdings in Darling Ingredients by 2.5% during the 1st quarter. Deutsche Bank AG now owns 3,900,896 shares of the company’s stock worth $227,812,000 after acquiring an additional 96,983 shares during the period. CenterBook Partners LP raised its position in shares of Darling Ingredients by 158.8% during the 1st quarter. CenterBook Partners LP now owns 104,563 shares of the company’s stock valued at $6,106,000 after acquiring an additional 64,154 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Darling Ingredients by 125.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 67,246 shares of the company’s stock valued at $3,927,000 after buying an additional 37,474 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.
Insider Activity at Darling Ingredients
In other news, EVP John Bullock sold 28,734 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $65.10, for a total transaction of $1,870,583.40. Following the sale, the executive vice president now owns 101,189 shares in the company, valued at approximately $6,587,403.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP John Bullock sold 28,734 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.10, for a total value of $1,870,583.40. Following the sale, the executive vice president now directly owns 101,189 shares of the company’s stock, valued at approximately $6,587,403.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Randall C. Stuewe sold 100,000 shares of Darling Ingredients stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.43, for a total value of $6,243,000.00. Following the transaction, the chief executive officer now owns 640,363 shares of the company’s stock, valued at approximately $39,977,862.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 212,999 shares of company stock valued at $13,533,010. Insiders own 2.62% of the company’s stock.
Darling Ingredients Stock Up 6.3 %
Darling Ingredients (NYSE:DAR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. Darling Ingredients had a return on equity of 20.15% and a net margin of 11.12%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. As a group, analysts expect that Darling Ingredients Inc. will post 5.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
DAR has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on Darling Ingredients from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, August 10th. Robert W. Baird lowered their target price on shares of Darling Ingredients from $106.00 to $104.00 in a research note on Thursday, August 10th. Stifel Nicolaus reduced their price target on shares of Darling Ingredients from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Jefferies Financial Group lowered their price objective on shares of Darling Ingredients from $95.00 to $85.00 in a research report on Monday, May 15th. Finally, Piper Sandler lifted their target price on Darling Ingredients from $93.00 to $95.00 in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $89.60.
Darling Ingredients Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. 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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