Darling Ingredients Inc. $DAR Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Stake

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 46.8% during the third quarter, HoldingsChannel.com reports. The firm owned 38,900 shares of the company’s stock after purchasing an additional 12,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Darling Ingredients were worth $2,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAR. BlackRock Inc. acquired a new position in shares of Darling Ingredients in the second quarter valued at approximately $851,450,000. AIA Group Ltd acquired a new stake in Darling Ingredients during the 1st quarter worth approximately $4,453,000. Hsbc Holdings PLC boosted its position in Darling Ingredients by 246.8% during the 2nd quarter. Hsbc Holdings PLC now owns 144,263 shares of the company’s stock worth $7,953,000 after buying an additional 102,664 shares during the period. Bank of America Corp DE acquired a new stake in Darling Ingredients during the 2nd quarter worth approximately $129,371,000. Finally, Private Advisory Group LLC bought a new stake in Darling Ingredients during the 2nd quarter worth approximately $1,482,000. 94.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Patrick McNutt sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas Kemphaus sold 1,591 shares of the business’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 transaction of $100,312.55. Following the completion of the transaction, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This trade represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research reports. Jefferies Financial Group raised shares of Darling Ingredients to a “strong-buy” rating in a report on Tuesday, September 29th. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. UBS Group lifted their price target on shares of Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Finally, Weiss Ratings raised shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $73.80.

Darling Ingredients Trading Down 0.8%

Shares of DAR stock opened at $53.56 on Wednesday. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 9.73 and a beta of 1.00. The stock has a 50-day moving average of $61.70 and a 200-day moving average of $58.34. 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 1-year low of $31.62 and a 1-year high of $69.98.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities research analysts forecast that Darling Ingredients Inc. will post 6.88 earnings per share for the current year.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.