Lmcg Investments LLC Purchases Shares of 5,400 Darling Ingredients Inc. $DAR

Lmcg Investments LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,400 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC bought a new stake in Darling Ingredients during the first quarter valued at about $30,000. Hexagon Capital Partners LLC boosted its stake in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after acquiring an additional 500 shares during the period. GAMMA Investing LLC boosted its stake in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares during the period. UMB Bank n.a. boosted its stake in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after acquiring an additional 1,373 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Darling Ingredients by 45.0% in the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after acquiring an additional 674 shares during the period. Institutional investors own 94.44% of the company’s stock.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer directly owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $30.12 on Friday. The stock has a 50 day moving average of $31.87 and a 200 day moving average of $33.02. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The firm has a market cap of $4.76 billion, a PE ratio of 45.64, a PEG ratio of 1.42 and a beta of 1.22. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $0.49 earnings per share. Darling Ingredients’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DAR. Jefferies Financial Group set a $42.00 price objective on Darling Ingredients in a research note on Wednesday. Bank of America began coverage on Darling Ingredients in a research note on Wednesday. They issued a “buy” rating and a $45.00 price objective for the company. Piper Sandler dropped their price objective on Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 28th. Robert W. Baird reaffirmed a “neutral” rating and issued a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. began coverage on Darling Ingredients in a research note on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $43.25.

Darling Ingredients Company 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.