Koshinski Asset Management Inc. Buys Shares of 8,768 Darling Ingredients Inc. $DAR

Koshinski Asset Management Inc. purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,768 shares of the company’s stock, valued at approximately $542,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DAR. Norges Bank purchased a new position in Darling Ingredients in the fourth quarter worth $94,211,000. No Street GP LP bought a new stake in Darling Ingredients during the third quarter worth about $69,458,000. Assenagon Asset Management S.A. boosted its holdings in shares of Darling Ingredients by 72.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock worth $129,388,000 after purchasing an additional 882,185 shares in the last quarter. Rubric Capital Management LP purchased a new position in shares of Darling Ingredients in the 4th quarter worth about $24,510,000. Finally, Amundi increased its position in shares of Darling Ingredients by 177.7% during the 4th quarter. Amundi now owns 864,400 shares of the company’s stock valued at $31,119,000 after purchasing an additional 553,081 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on DAR shares. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. 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 report on Wednesday, April 22nd. Finally, UBS Group boosted their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.82.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $58.24 on Wednesday. The business has a 50 day moving average of $58.63 and a 200 day moving average of $52.94. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a market cap of $9.26 billion, a PE ratio of 42.21 and a beta of 1.04. 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 (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm’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 business posted ($0.16) earnings per share. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 4.68 earnings per share for the current 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.