Fideuram Intesa Sanpaolo Private Banking S.P.A. Cuts Stake in Darling Ingredients Inc. $DAR

Fideuram Intesa Sanpaolo Private Banking S.P.A. lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 25.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,421 shares of the company’s stock after selling 123,037 shares during the quarter. Darling Ingredients accounts for about 0.8% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s portfolio, making the stock its 27th largest position. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Darling Ingredients were worth $22,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at $25,000. Allworth Financial LP boosted its stake in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the period. SJS Investment Consulting Inc. raised its stake in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients in the 4th quarter valued at $29,000. Finally, Leonteq Securities AG purchased a new position in Darling Ingredients during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DAR. Stephens increased their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Jefferies Financial Group increased their price target on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Weiss Ratings cut shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, TD Cowen decreased their target price on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.82.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Darling Ingredients Trading Down 0.1%

NYSE:DAR opened at $56.53 on Friday. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 40.97 and a beta of 1.04. 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 business has a fifty day moving average of $58.80 and a 200-day moving average of $52.47. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02.

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