Partners Capital Investment Group LLP Buys Shares of 10,448 Darling Ingredients Inc. $DAR

Partners Capital Investment Group LLP bought a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,448 shares of the company’s stock, valued at approximately $571,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAR. BlackRock Inc. acquired a new position in Darling Ingredients during the second quarter worth about $851,450,000. AIA Group Ltd bought a new position in Darling Ingredients in the 1st quarter valued at approximately $4,453,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Darling Ingredients during the fourth quarter worth $585,000. BNP Paribas Financial Markets increased its holdings in shares of Darling Ingredients by 26.8% during the fourth quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after buying an additional 277,233 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Darling Ingredients by 7,554.6% in the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after acquiring an additional 282,994 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the sale, the executive vice president directly owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles L. Adair bought 1,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, with a total value of $60,970.00. Following the purchase, the director directly owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 10,591 shares of company stock valued at $704,303. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $62.37 on Tuesday. The stock’s 50 day moving average is $59.99 and its 200 day moving average is $58.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $9.84 billion, a P/E ratio of 16.81 and a beta of 1.02. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business posted $0.08 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on DAR shares. TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Barclays lifted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.