Assenagon Asset Management S.A. Boosts Holdings in Darling Ingredients Inc. $DAR

Assenagon Asset Management S.A. lifted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,209,775 shares of the company’s stock after buying an additional 56,662 shares during the quarter. Assenagon Asset Management S.A. owned about 0.76% of Darling Ingredients worth $43,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DAR. Danske Bank A S purchased a new stake in Darling Ingredients in the third quarter worth $25,000. Sound Income Strategies LLC bought a new position in shares of Darling Ingredients in the 3rd quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its position in Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after acquiring an additional 886 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Darling Ingredients during the third quarter worth about $37,000. Finally, Wilmington Savings Fund Society FSB boosted its stake 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 in the last quarter. 94.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Price Performance

NYSE:DAR opened at $58.69 on Thursday. The business’s 50-day simple moving average is $50.15 and its two-hundred day simple moving average is $39.63. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $59.36. The stock has a market cap of $9.32 billion, a PE ratio of 150.48, a P/E/G ratio of 0.45 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80.

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

Analysts Set New Price Targets

DAR has been the topic of several recent research reports. BMO Capital Markets upped their price target on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Scotiabank restated an “outperform” rating and issued a $61.00 price target on shares of Darling Ingredients in a research note on Tuesday, February 17th. Piper Sandler upped their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price target on Darling Ingredients in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on Darling Ingredients from $59.00 to $69.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.90.

About Darling Ingredients

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.