Bruce & Co. Inc. Sells 25,000 Shares of Darling Ingredients Inc. $DAR

Bruce & Co. Inc. decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 106,000 shares of the company’s stock after selling 25,000 shares during the quarter. Darling Ingredients comprises 1.2% of Bruce & Co. Inc.’s portfolio, making the stock its 22nd biggest holding. Bruce & Co. Inc.’s holdings in Darling Ingredients were worth $3,816,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DAR. Goldman Sachs Group Inc. boosted its stake in Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after buying an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Darling Ingredients by 10.9% during the first 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 during the last quarter. Focus Partners Wealth bought a new position in Darling Ingredients during the first quarter valued at approximately $205,000. M&T Bank Corp boosted its stake in Darling Ingredients by 11.2% during the second 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 during the last quarter. Finally, Invesco Ltd. boosted its stake in Darling Ingredients by 5.0% during the second 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 during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $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 available at this link. 1.90% of the stock is owned by insiders.

Darling Ingredients Price Performance

NYSE:DAR opened at $56.96 on Friday. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 41.27 and a beta of 1.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The business has a 50 day simple moving average of $60.83 and a 200-day simple moving average of $50.59. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DAR. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Jefferies Financial Group increased their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Robert W. Baird increased their price target on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $69.00.

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.