Quantbot Technologies LP Acquires Shares of 7,773 Darling Ingredients Inc. $DAR

Quantbot Technologies LP bought a new position in Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,773 shares of the company’s stock, valued at approximately $425,000.

A number of other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its stake in Darling Ingredients by 69.9% in 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 period. Allworth Financial LP boosted its position in Darling Ingredients by 227.2% during the fourth 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. Cedar Mountain Advisors LLC bought a new position in Darling Ingredients during the first quarter worth about $47,000. Litman Gregory Wealth Management LLC purchased a new position in shares of Darling Ingredients in the fourth quarter worth about $29,000. Finally, Danske Bank A S bought a new stake in shares of Darling Ingredients in the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 4.8%

DAR opened at $64.35 on Friday. The business’s fifty day simple moving average is $60.68 and its 200 day simple moving average is $58.81. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $69.98. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock has a market cap of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue was up 16.4% compared to the same quarter last year. As a group, research analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Insider Transactions at Darling Ingredients

In other news, Director Charles L. Adair bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director directly owned 51,690 shares of the company’s stock, valued at $3,151,539.30. This represents a 1.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares of the company’s stock, valued at $2,212,235.35. The trade was a 4.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Barclays boosted their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group boosted their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

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.