Lombard Odier Asset Management Europe Ltd Trims Stake in Darling Ingredients Inc. $DAR

Lombard Odier Asset Management Europe Ltd reduced its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 97.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 160,505 shares of the company’s stock after selling 6,308,317 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Darling Ingredients were worth $5,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. Captrust Financial Advisors increased its position in shares of Darling Ingredients by 10.3% during the fourth quarter. Captrust Financial Advisors now owns 24,153 shares of the company’s stock worth $870,000 after acquiring an additional 2,260 shares during the period. &PARTNERS raised its holdings in shares of Darling Ingredients by 12.2% in the fourth quarter. &PARTNERS now owns 30,948 shares of the company’s stock valued at $1,114,000 after acquiring an additional 3,359 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $540,000. Aster Capital Management DIFC Ltd lifted its holdings in Darling Ingredients by 40.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,495 shares of the company’s stock worth $162,000 after buying an additional 1,303 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Darling Ingredients by 30.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,169 shares of the company’s stock worth $870,000 after purchasing an additional 5,675 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $55.22 on Wednesday. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $66.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The firm has a fifty day moving average of $60.47 and a 200 day moving average of $50.99. The firm has a market cap of $8.78 billion, a PE ratio of 40.01 and a beta of 1.02.

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

Insiders Place Their Bets

In other news, CAO Joseph Manzi sold 3,000 shares of the company’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 in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. TD Cowen increased their price target on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Robert W. Baird raised their price target on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.