Focus Partners Advisor Solutions LLC Takes $590,000 Position in Darling Ingredients Inc. $DAR

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, Holdings Channel reports. The fund purchased 10,810 shares of the company’s stock, valued at approximately $590,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AIA Group Ltd bought a new position in Darling Ingredients during the first quarter valued at $4,453,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Darling Ingredients in the 4th quarter worth about $585,000. BNP Paribas Financial Markets boosted its stake in shares of Darling Ingredients by 26.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after purchasing an additional 277,233 shares during the period. Strs Ohio grew its holdings in Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after purchasing an additional 282,994 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Darling Ingredients during the 4th quarter valued at about $17,728,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

DAR opened at $67.50 on Tuesday. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 18.19 and a beta of 1.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $67.95. The business’s fifty day simple moving average is $59.11 and its 200-day simple moving average is $57.77.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on DAR shares. Barclays raised their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Scotiabank increased their price target on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group raised their price target on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. TD Cowen boosted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling at Darling Ingredients

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $60.97 per share, with a total value of $60,970.00. Following the transaction, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.90% of the company’s stock.

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.