6,175 Shares in Darling Ingredients Inc. $DAR Bought by Greenleaf Trust

Greenleaf Trust purchased a new position in Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,175 shares of the company’s stock, valued at approximately $234,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Darling Ingredients by 0.5% in the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after purchasing an additional 73,925 shares during the last quarter. Gates Capital Management Inc. increased its position in Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Darling Ingredients by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after purchasing an additional 1,026,958 shares during the last quarter. Earnest Partners LLC increased its position in Darling Ingredients by 0.9% in the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock worth $127,535,000 after purchasing an additional 36,085 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Darling Ingredients by 2.4% in the first quarter. Deutsche Bank AG now owns 3,394,250 shares of the company’s stock worth $106,036,000 after purchasing an additional 78,770 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Robert W. Baird reaffirmed a “neutral” rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research note on Saturday, September 27th. Finally, Piper Sandler dropped their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $43.57.

Darling Ingredients Stock Up 0.9%

Shares of DAR opened at $31.76 on Friday. The firm has a market capitalization of $5.02 billion, a P/E ratio of 48.12 and a beta of 1.22. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $32.06 and a 200-day moving average price of $32.99.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction dated 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.62% of the stock is currently owned by company insiders.

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.