Strs Ohio Takes $949,000 Position in Darling Ingredients Inc. $DAR

Strs Ohio acquired a new position in Darling Ingredients Inc. (NYSE:DAR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,392 shares of the company’s stock, valued at approximately $949,000.

A number of other large investors have also recently bought and sold shares of the business. Focus Partners Wealth bought a new stake in Darling Ingredients in the first quarter worth $205,000. Bayforest Capital Ltd lifted its position in Darling Ingredients by 356.6% during the 1st quarter. Bayforest Capital Ltd now owns 29,869 shares of the company’s stock worth $933,000 after acquiring an additional 23,327 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after acquiring an additional 58,925 shares during the last quarter. Woodline Partners LP acquired a new position in Darling Ingredients during the 1st quarter worth $6,700,000. Finally, Vancity Investment Management Ltd acquired a new position in Darling Ingredients during the 1st quarter worth $881,000. 94.44% of the stock is currently owned by institutional investors.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DAR. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 target price for the company. Baird R W lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.57.

Darling Ingredients Price Performance

DAR opened at $32.47 on Friday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The company’s 50 day simple moving average is $33.07 and its 200-day simple moving average is $32.93. The stock has a market capitalization of $5.14 billion, a P/E ratio of 49.20 and a beta of 1.16.

Darling Ingredients (NYSE:DAR) last released 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $0.49 earnings per share. Darling Ingredients’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.