Commonwealth Equity Services LLC grew its stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,924 shares of the company’s stock after buying an additional 11,282 shares during the period. Commonwealth Equity Services LLC owned approximately 0.09% of Darling Ingredients worth $8,755,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in shares of Darling Ingredients by 97.9% during the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock worth $1,133,000 after purchasing an additional 6,999 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Darling Ingredients by 20.4% during the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock worth $1,697,000 after purchasing an additional 3,563 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Darling Ingredients during the 1st quarter worth about $141,000. Panagora Asset Management Inc. acquired a new position in shares of Darling Ingredients during the 1st quarter worth about $447,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Darling Ingredients by 8.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock worth $7,366,000 after purchasing an additional 6,770 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.
Insider Transactions at Darling Ingredients
In other Darling Ingredients news, Director Gary W. Mize bought 1,550 shares of Darling Ingredients stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $63.97 per share, with a total value of $99,153.50. Following the acquisition, the director now directly owns 38,375 shares of the company’s stock, valued at $2,454,848.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Darling Ingredients news, EVP John Bullock sold 28,734 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $65.10, for a total transaction of $1,870,583.40. Following the transaction, the executive vice president now owns 101,189 shares of the company’s stock, valued at approximately $6,587,403.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary W. Mize acquired 1,550 shares of Darling Ingredients stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $63.97 per share, for a total transaction of $99,153.50. Following the acquisition, the director now owns 38,375 shares in the company, valued at approximately $2,454,848.75. The disclosure for this purchase can be found here. 2.51% of the stock is owned by company insiders.
Darling Ingredients Trading Up 2.9 %
Darling Ingredients (NYSE:DAR – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.83 billion. Darling Ingredients had a return on equity of 20.15% and a net margin of 11.12%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share. Equities analysts anticipate that Darling Ingredients Inc. will post 5.53 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on DAR shares. Robert W. Baird cut their price objective on Darling Ingredients from $106.00 to $104.00 in a research report on Thursday, August 10th. UBS Group boosted their price target on Darling Ingredients from $82.00 to $85.00 in a research note on Monday, May 15th. Jefferies Financial Group lowered their price target on Darling Ingredients from $95.00 to $85.00 in a research note on Monday, May 15th. BMO Capital Markets boosted their price target on Darling Ingredients from $80.00 to $85.00 in a research note on Thursday, May 11th. Finally, Piper Sandler boosted their price target on Darling Ingredients from $93.00 to $95.00 in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.
About Darling Ingredients
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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