Nuveen LLC Makes New $11.55 Million Investment in Darling Ingredients Inc. $DAR

Nuveen LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 369,577 shares of the company’s stock, valued at approximately $11,546,000. Nuveen LLC owned about 0.23% of Darling Ingredients at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DAR. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth about $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Darling Ingredients during the 1st quarter worth about $30,000. Hexagon Capital Partners LLC boosted its stake in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after purchasing an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on DAR. Tudor Pickering upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Baird R W lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. TD Cowen cut their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Piper Sandler cut their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a report on Wednesday. They set an “overweight” rating and a $43.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.57.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares in the company, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.62% of the company’s stock.

Darling Ingredients Trading Up 9.3%

NYSE DAR opened at $34.7780 on Friday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company’s 50 day moving average price is $35.16 and its 200 day moving average price is $33.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 52.69 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.