R Squared Ltd Invests $554,000 in Darling Ingredients Inc. $DAR

R Squared Ltd purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,954 shares of the company’s stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $25,000. Allworth Financial LP raised its position in shares of 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 acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the 4th quarter valued at $29,000. Finally, Leonteq Securities AG acquired a new position in shares of Darling Ingredients during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 0.9%

Shares of DAR traded down $0.52 during mid-day trading on Tuesday, hitting $57.37. 368,271 shares of the company’s stock traded hands, compared to its average volume of 2,723,898. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $9.12 billion, a P/E ratio of 41.71 and a beta of 1.04. The business’s 50-day moving average price is $58.67 and its 200-day moving average price is $52.77. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The firm 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%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) EPS. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

Insider Transactions at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Robert W. Baird lifted their price target on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. TD Cowen dropped their target price on shares of Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Scotiabank lifted their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.82.

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.