492,458 Shares in Darling Ingredients Inc. $DAR Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 492,458 shares of the company’s stock, valued at approximately $17,728,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAR. Danske Bank A S purchased a new stake in Darling Ingredients in the third quarter worth $25,000. Allworth Financial LP increased its stake in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Darling Ingredients in the third quarter worth $37,000. EverSource Wealth Advisors LLC increased its stake in Darling Ingredients by 681.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in Darling Ingredients by 138.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after purchasing an additional 877 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DAR shares. Stephens increased their target price on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Jefferies Financial Group increased their target price on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets increased their target price on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Two research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $69.00.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $59.87 on Wednesday. The firm has a market cap of $9.51 billion, a P/E ratio of 43.38 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02. The stock’s fifty day moving average price is $60.13 and its 200-day moving average price is $47.45.

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 firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. On average, equities research analysts expect that Darling Ingredients Inc. will post 4.68 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.