Ieq Capital LLC Buys Shares of 116,020 Darling Ingredients Inc. $DAR

Ieq Capital LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 116,020 shares of the company’s stock, valued at approximately $6,337,000. Ieq Capital LLC owned approximately 0.07% of Darling Ingredients as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after acquiring an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Darling Ingredients by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after acquiring an additional 58,925 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Darling Ingredients during the 1st quarter worth $205,000. M&T Bank Corp lifted its stake in shares of Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock worth $318,000 after purchasing an additional 847 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Darling Ingredients by 5.0% during the second quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after purchasing an additional 32,553 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In related news, Director Charles L. Adair purchased 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $60.97 per share, with a total value of $60,970.00. Following the transaction, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,591 shares of company stock valued at $704,303. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 0.3%

Shares of DAR stock opened at $65.56 on Monday. The stock’s 50-day simple moving average is $59.86 and its 200-day simple moving average is $58.37. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The firm has a market capitalization of $10.35 billion, a PE ratio of 17.67 and a beta of 1.02. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $69.98.

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

Key Headlines Impacting Darling Ingredients

Here are the key news stories impacting Darling Ingredients this week:

• Positive Sentiment: Strong second-quarter performance: Net income reached $387.3 million, while combined adjusted EBITDA rose to $741.7 million. Diamond Green Diesel (DGD) was a major contributor, generating approximately $389.2 million of Darling’s share of adjusted EBITDA. Darling Ingredients second-quarter earnings release
• Positive Sentiment: Capital-return and tax-credit support: The board expanded its share-repurchase authorization to $1 billion, and Darling agreed to sell approximately $150 million of production tax credits, potentially supporting cash flow and shareholder returns. Darling Ingredients press release
• Positive Sentiment: Favorable analyst momentum: Zacks Research upgraded DAR from “hold” to “strong-buy,” while recent broker targets have generally ranged from $70 to $79. Renewable-fuel policy support and tight renewable identification number (RIN) markets are also viewed as potential DGD tailwinds. Zacks Darling Ingredients momentum analysis
• Neutral Sentiment: Rally appears extended: Shares had advanced 12.8% over the preceding week and were approaching their 52-week high, increasing the likelihood of profit-taking and a technical reversal after strong news was already reflected in the valuation.
• Negative Sentiment: Execution risks remain: Analysts cited rising costs, flat feedstock throughput and capacity constraints. Future DGD profitability also depends on renewable-fuel policy, RIN prices and other market inputs. Zacks Darling Ingredients risk analysis
• Negative Sentiment: Mixed trading signals: Company insiders reported more selling than buying over the past six months, while institutional activity was broadly balanced but included sizable reductions by several funds. These signals may have added to short-term selling pressure.

Wall Street Analysts Forecast Growth

Several research firms have commented on DAR. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group boosted their price objective on shares of 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 increased their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

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.