Fieldview Capital Management LLC Purchases New Position in Darling Ingredients Inc. $DAR

Fieldview Capital Management LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 48,158 shares of the company’s stock, valued at approximately $1,734,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in Darling Ingredients in the 4th quarter worth about $29,000. Danske Bank A S purchased a new stake in Darling Ingredients in the 3rd quarter worth about $25,000. Leonteq Securities AG purchased a new stake in Darling Ingredients in the 4th quarter worth about $35,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Darling Ingredients in the 4th quarter worth about $36,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Stephens raised their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. TD Cowen raised their target price on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Insiders Place Their Bets

In other Darling Ingredients news, 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 value of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $56.96 on Monday. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 41.27 and a beta of 1.02. The company’s 50 day moving average is $60.83 and its 200 day moving average is $50.71. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02.

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

About Darling Ingredients

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.