MYDA Advisors LLC Invests $360,000 in Darling Ingredients Inc. $DAR

MYDA Advisors LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, Holdings Channel reports. The firm purchased 10,000 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors also recently modified their holdings of the stock. Coldstream Capital Management Inc. increased its holdings in shares of Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after buying an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Darling Ingredients by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after buying an additional 304 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Darling Ingredients by 1.3% during the fourth quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock worth $875,000 after buying an additional 318 shares in the last quarter. Union Bancaire Privee UBP SA increased its holdings in shares of Darling Ingredients by 1.7% during the fourth quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock worth $731,000 after buying an additional 342 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Darling Ingredients by 21.2% during the fourth quarter. UMB Bank n.a. now owns 2,026 shares of the company’s stock worth $73,000 after buying an additional 354 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $56.96 on Monday. 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 twelve month low of $29.15 and a twelve month high of $66.02. The stock 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 fifty day moving average is $60.83 and its 200 day moving average is $50.71.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping 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 analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. Darling Ingredients’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Darling Ingredients Inc. will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group upped their price target 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. Finally, Robert W. Baird upped their price target 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. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer owned 19,969 shares of the company’s stock, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Darling Ingredients Company 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.