Bank of Montreal Can Invests $3.30 Million in Darling Ingredients Inc. (NYSE:DAR)

Bank of Montreal Can acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 50,686 shares of the company’s stock, valued at approximately $3,303,000.

Other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in Darling Ingredients by 98,451.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 591,351,410 shares of the company’s stock valued at $37,722,306,000 after acquiring an additional 590,751,367 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Darling Ingredients by 107,533.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after acquiring an additional 7,656,389 shares during the last quarter. Norges Bank purchased a new stake in Darling Ingredients in the fourth quarter valued at $135,362,000. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Darling Ingredients by 52.3% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,563,849 shares of the company’s stock valued at $208,129,000 after acquiring an additional 1,223,757 shares during the last quarter. Finally, Empower Advisory Group LLC purchased a new stake in Darling Ingredients in the first quarter valued at $52,813,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Up 3.1 %

Shares of Darling Ingredients stock opened at $45.22 on Monday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 9.38 and a beta of 1.36. Darling Ingredients Inc. has a 52-week low of $38.97 and a 52-week high of $82.69. The company’s 50-day simple moving average is $51.43 and its 200-day simple moving average is $59.11. The company has a quick ratio of 1.04, a current ratio of 1.85 and a debt-to-equity ratio of 1.00.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Darling Ingredients had a return on equity of 20.15% and a net margin of 11.12%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 4.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DAR shares. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Stephens restated an “equal weight” rating and issued a $65.00 price objective on shares of Darling Ingredients in a research note on Wednesday, August 9th. Piper Sandler dropped their price objective on shares of Darling Ingredients from $97.00 to $89.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 10th. Tudor, Pickering, Holt & Co. lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Robert W. Baird dropped their price objective on shares of Darling Ingredients from $106.00 to $104.00 in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $85.60.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 100,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $62.43, for a total transaction of $6,243,000.00. Following the sale, the chief executive officer now owns 640,363 shares of the company’s stock, valued at $39,977,862.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Darling Ingredients news, EVP John Bullock sold 58,600 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.12, for a total value of $3,816,032.00. Following the sale, the executive vice president now owns 52,469 shares of the company’s stock, valued at $3,416,781.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Randall C. Stuewe sold 100,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $62.43, for a total transaction of $6,243,000.00. Following the completion of the sale, the chief executive officer now directly owns 640,363 shares in the company, valued at approximately $39,977,862.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 212,999 shares of company stock valued at $13,533,010. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Company Profile

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.