Darling Ingredients Inc. $DAR Shares Sold by Aristotle Atlantic Partners LLC

Aristotle Atlantic Partners LLC decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 735,526 shares of the company’s stock after selling 14,636 shares during the period. Darling Ingredients comprises approximately 2.1% of Aristotle Atlantic Partners LLC’s holdings, making the stock its 12th biggest holding. Aristotle Atlantic Partners LLC owned about 0.46% of Darling Ingredients worth $45,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its stake in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP grew its stake in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in Darling Ingredients in the first quarter worth about $47,000. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients in the fourth quarter valued at about $29,000. Finally, Danske Bank A S bought a new stake in Darling Ingredients in the third quarter valued at about $25,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $62.42 on Friday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 45.23 and a beta of 1.04. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $58.47 and a 200 day simple moving average of $55.23.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm posted ($0.16) EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 5.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DAR shares. Barclays increased their target price on shares of Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Weiss Ratings raised shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. TD Cowen dropped their price objective on shares of Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Robert W. Baird increased their price objective on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.82.

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.