Darling Ingredients Inc. $DAR Position Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 26.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,310,516 shares of the company’s stock after buying an additional 277,233 shares during the quarter. BNP Paribas Financial Markets’ holdings in Darling Ingredients were worth $47,179,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DAR. Danske Bank A S bought a new position in shares of Darling Ingredients during the third quarter worth about $25,000. Allworth Financial LP lifted its position in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the last quarter. Leonteq Securities AG bought a new position in Darling Ingredients in the fourth quarter worth about $35,000. Abich Financial Wealth Management LLC bought a new position in Darling Ingredients in the third quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Darling Ingredients by 681.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent research reports. UBS Group raised their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings raised shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Piper Sandler raised their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Jefferies Financial Group raised their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Robert W. Baird raised their target price on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $60.33 on Wednesday. The firm’s 50 day moving average is $60.82 and its two-hundred day moving average is $49.13. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The firm has a market capitalization of $9.59 billion, a P/E ratio of 43.72 and a beta of 1.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned ($0.16) earnings per share. Darling Ingredients’s revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

Darling Ingredients Profile

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.