Altfest L J & Co. Inc. Makes New Investment in Darling Ingredients Inc. $DAR

Altfest L J & Co. Inc. bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,257 shares of the company’s stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DAR. Goldman Sachs Group Inc. grew its holdings in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after acquiring an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Darling Ingredients by 10.9% in 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 valued at $18,768,000 after buying an additional 58,925 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Darling Ingredients in the 1st quarter valued at about $205,000. M&T Bank Corp boosted its holdings in shares of Darling Ingredients by 11.2% in the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after buying an additional 847 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Darling Ingredients by 5.0% in the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after buying an additional 32,553 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $61.20 on Monday. The firm has a market capitalization of $9.71 billion, a P/E ratio of 156.93, a PEG ratio of 0.45 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $54.86 and a 200 day moving average price of $42.23. Darling Ingredients Inc. has a 52 week low of $28.03 and a 52 week high of $64.90.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS 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. Sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $66.00 to $73.00 and gave the company a “buy” rating in a report on Friday. UBS Group raised their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $59.00 to $69.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Scotiabank reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a research report on Tuesday, February 17th. Finally, Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.50.

Darling Ingredients Company 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.