Ameriprise Financial Inc. Has $127.20 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

Ameriprise Financial Inc. grew its holdings in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,178,155 shares of the company’s stock after buying an additional 148,536 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.37% of Darling Ingredients worth $127,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Belpointe Asset Management LLC acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $39,000. ICA Group Wealth Management LLC acquired a new position in shares of Darling Ingredients during the 4th quarter worth approximately $51,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Darling Ingredients by 624.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $63,000 after purchasing an additional 862 shares during the period. Assetmark Inc. raised its position in shares of Darling Ingredients by 21.5% in the fourth quarter. Assetmark Inc. now owns 1,109 shares of the company’s stock valued at $69,000 after buying an additional 196 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Darling Ingredients in the first quarter valued at approximately $74,000. Institutional investors own 89.78% of the company’s stock.

Darling Ingredients Stock Down 3.7 %

DAR stock opened at $57.23 on Monday. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 11.87 and a beta of 1.24. Darling Ingredients Inc. has a fifty-two week low of $51.77 and a fifty-two week high of $82.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.04 and a current ratio of 1.85. The stock has a fifty day moving average of $64.09 and a 200-day moving average of $61.67.

Darling Ingredients (NYSE:DARGet Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Darling Ingredients had a net margin of 11.12% and a return on equity of 20.15%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Darling Ingredients Inc. will post 5.5 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, EVP John Bullock sold 11,532 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $61.67, for a total transaction of $711,178.44. Following the sale, the executive vice president now owns 52,469 shares in the company, valued at approximately $3,235,763.23. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Bullock sold 11,532 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $61.67, for a total transaction of $711,178.44. Following the sale, the executive vice president now owns 52,469 shares in the company, valued at approximately $3,235,763.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary W. Mize purchased 1,550 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $63.97 per share, with a total value of $99,153.50. Following the completion of the purchase, 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. Insiders sold 212,999 shares of company stock worth $13,533,010 over the last quarter. 2.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DAR shares. Robert W. Baird reduced their target price on Darling Ingredients from $106.00 to $104.00 in a report on Thursday, August 10th. Piper Sandler raised their price target on shares of Darling Ingredients from $93.00 to $95.00 in a research note on Tuesday, August 1st. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. JPMorgan Chase & Co. dropped their price target on Darling Ingredients from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, August 10th. Finally, Stifel Nicolaus lowered their target price on Darling Ingredients from $120.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.60.

Get Our Latest Report on DAR

About Darling Ingredients

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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