Darling Ingredients Inc. $DAR Shares Bought by Callan Family Office LLC

Callan Family Office LLC raised its position in Darling Ingredients Inc. (NYSE:DAR) by 16.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,907 shares of the company’s stock after acquiring an additional 2,438 shares during the quarter. Callan Family Office LLC’s holdings in Darling Ingredients were worth $641,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Darling Ingredients during the 1st quarter worth $30,000. Hexagon Capital Partners LLC grew its stake in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC grew its stake in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares during the period. Parallel Advisors LLC grew its stake in shares of Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after purchasing an additional 674 shares during the period. Finally, Spire Wealth Management grew its stake in shares of Darling Ingredients by 19.8% during the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock worth $88,000 after purchasing an additional 468 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price target on the stock. Jefferies Financial Group set a $42.00 price target on shares of Darling Ingredients in a research note on Wednesday, October 8th. Piper Sandler decreased their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, July 28th. Robert W. Baird reiterated a “neutral” rating and issued a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Finally, Bank of America began coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.25.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $29.88 on Tuesday. The firm has a market capitalization of $4.73 billion, a PE ratio of 45.27, a P/E/G ratio of 1.61 and a beta of 1.22. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $31.84 and its 200 day simple moving average is $33.01. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49.

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

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 dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.07% of the company’s stock.

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.