Geode Capital Management LLC Boosts Holdings in Darling Ingredients Inc. $DAR

Geode Capital Management LLC boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,839,649 shares of the company’s stock after purchasing an additional 76,151 shares during the quarter. Geode Capital Management LLC owned about 1.80% of Darling Ingredients worth $102,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DAR. Danske Bank A S purchased a new stake in Darling Ingredients in the 3rd quarter worth approximately $25,000. Allworth Financial LP lifted its stake in Darling Ingredients by 227.2% in the 4th 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. Leonteq Securities AG purchased a new stake in Darling Ingredients in the 4th quarter worth approximately $35,000. Abich Financial Wealth Management LLC purchased a new stake in Darling Ingredients in the 3rd quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 886 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DAR. Piper Sandler increased their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, UBS Group raised their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Activity at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance

DAR stock opened at $59.42 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The firm’s fifty day moving average is $61.09 and its 200 day moving average is $49.75. The firm has a market cap of $9.44 billion, a P/E ratio of 43.06 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm earned ($0.16) EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts predict that Darling Ingredients Inc. will post 4.68 earnings per share for the current 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.