Great Lakes Advisors LLC Takes Position in Darling Ingredients Inc. $DAR

Great Lakes Advisors LLC bought a new stake in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,914 shares of the company’s stock, valued at approximately $2,562,000.

A number of other large investors have also made changes to their positions in the company. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Darling Ingredients in the 2nd quarter worth approximately $1,228,000. Timothy G. Youngquist 2020 Irrevocable Trust purchased a new stake in Darling Ingredients during the second quarter valued at approximately $994,000. M. Kulyk & Associates LLC bought a new position in Darling Ingredients in the second quarter worth approximately $2,861,000. Citizens Financial Group Inc. RI bought a new stake in shares of Darling Ingredients during the 2nd quarter valued at $324,000. Finally, UNIVEST FINANCIAL Corp bought a new stake in shares of Darling Ingredients during the 2nd quarter valued at $3,356,000. 94.44% of the stock is currently owned by institutional investors.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,591 shares of company stock worth $704,303 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DAR. Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. TD Cowen raised their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Barclays upped their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients News Summary

Here are the key news stories impacting Darling Ingredients this week:

• Positive Sentiment: Strong second-quarter performance: Net income reached $387.3 million, while combined adjusted EBITDA rose to $741.7 million. Diamond Green Diesel (DGD) was a major contributor, generating approximately $389.2 million of Darling’s share of adjusted EBITDA. Darling Ingredients second-quarter earnings release
• Positive Sentiment: Capital-return and tax-credit support: The board expanded its share-repurchase authorization to $1 billion, and Darling agreed to sell approximately $150 million of production tax credits, potentially supporting cash flow and shareholder returns. Darling Ingredients press release
• Positive Sentiment: Favorable analyst momentum: Zacks Research upgraded DAR from “hold” to “strong-buy,” while recent broker targets have generally ranged from $70 to $79. Renewable-fuel policy support and tight renewable identification number (RIN) markets are also viewed as potential DGD tailwinds. Zacks Darling Ingredients momentum analysis
• Neutral Sentiment: Rally appears extended: Shares had advanced 12.8% over the preceding week and were approaching their 52-week high, increasing the likelihood of profit-taking and a technical reversal after strong news was already reflected in the valuation.
• Negative Sentiment: Execution risks remain: Analysts cited rising costs, flat feedstock throughput and capacity constraints. Future DGD profitability also depends on renewable-fuel policy, RIN prices and other market inputs. Zacks Darling Ingredients risk analysis
• Negative Sentiment: Mixed trading signals: Company insiders reported more selling than buying over the past six months, while institutional activity was broadly balanced but included sizable reductions by several funds. These signals may have added to short-term selling pressure.

Darling Ingredients Stock Performance

NYSE DAR opened at $65.56 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $69.98. The business has a 50-day moving average price of $59.86 and a 200-day moving average price of $58.29. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 17.67 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

About Darling Ingredients

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.