Leeward Investments LLC MA Has $7.52 Million Stock Position in Darling Ingredients Inc. $DAR

Leeward Investments LLC MA decreased its stake in Darling Ingredients Inc. (NYSE:DAR) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 208,866 shares of the company’s stock after selling 10,440 shares during the quarter. Leeward Investments LLC MA owned 0.13% of Darling Ingredients worth $7,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ASR Vermogensbeheer N.V. lifted its holdings in shares of Darling Ingredients by 7.8% in the third quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after purchasing an additional 38,855 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Darling Ingredients by 4.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock valued at $43,552,000 after buying an additional 56,662 shares during the period. Fisher Asset Management LLC increased its stake in Darling Ingredients by 94.2% in the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after buying an additional 36,593 shares during the period. JPMorgan Chase & Co. increased its stake in Darling Ingredients by 75.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 601,263 shares of the company’s stock valued at $18,561,000 after buying an additional 258,942 shares during the period. Finally, Citigroup Inc. increased its stake in Darling Ingredients by 134.4% in the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after buying an additional 247,311 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DAR shares. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Scotiabank upped their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Stephens upped their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $69.00.

Darling Ingredients Trading Down 0.7%

Shares of NYSE DAR opened at $62.35 on Friday. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 45.18 and a beta of 1.07. The business has a 50 day simple moving average of $59.81 and a 200 day simple moving average of $46.98. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.99 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.16) EPS. On average, research analysts predict that Darling Ingredients Inc. will post 4.59 earnings per share for the current fiscal year.

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.