18,936 Shares in Darling Ingredients Inc. $DAR Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in Darling Ingredients Inc. (NYSE:DAR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,936 shares of the company’s stock, valued at approximately $585,000.

A number of other hedge funds have also bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in Darling Ingredients during the third quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after buying an additional 886 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Darling Ingredients during the third quarter worth approximately $37,000. Wilmington Savings Fund Society FSB boosted its position in Darling Ingredients by 138.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after acquiring an additional 877 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Darling Ingredients by 37.5% in the third quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock valued at $51,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Robert W. Baird set a $64.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. TD Cowen increased their price target on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.07% of the stock is owned by corporate insiders.

Darling Ingredients Stock Up 1.2%

Shares of DAR opened at $52.54 on Wednesday. The company’s 50-day simple moving average is $46.10 and its 200-day simple moving average is $37.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $54.24. The stock has a market capitalization of $8.33 billion, a PE ratio of 134.71, a P/E/G ratio of 0.54 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The firm had revenue of $1.71 billion during the quarter. Analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.