SIR Capital Management L.P. Invests $6.22 Million in Darling Ingredients Inc. $DAR

SIR Capital Management L.P. purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent filing with the SEC. The firm purchased 113,800 shares of the company’s stock, valued at approximately $6,216,000. SIR Capital Management L.P. owned 0.07% of Darling Ingredients at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in Darling Ingredients in the third quarter worth $25,000. Allworth Financial LP lifted its holdings in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $29,000. Finally, Leonteq Securities AG acquired a new stake in Darling Ingredients during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 5.1%

NYSE DAR opened at $62.37 on Tuesday. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $59.99 and a 200-day moving average of $58.47. The company has a market cap of $9.84 billion, a PE ratio of 16.81 and a beta of 1.02.

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

Insider Activity

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was 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 directly owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Patrick Mcnutt sold 8,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,591 shares of company stock valued at $704,303 in the last 90 days. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Jefferies Financial Group lifted their target price on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

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.