Darling Ingredients Inc. $DAR Stock Acquired by Ninety One UK Ltd

Ninety One UK Ltd increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 17.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 903,040 shares of the company’s stock after buying an additional 131,396 shares during the quarter. Ninety One UK Ltd’s holdings in Darling Ingredients were worth $54,824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAR. BlackRock Inc. acquired a new position in shares of Darling Ingredients in the second quarter worth $851,450,000. AIA Group Ltd purchased a new stake in shares of Darling Ingredients in the first quarter valued at $4,453,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Darling Ingredients in the second quarter valued at $1,447,000. Sterling Capital Management LLC boosted its stake in shares of Darling Ingredients by 448.5% during the first quarter. Sterling Capital Management LLC now owns 52,542 shares of the company’s stock valued at $3,250,000 after acquiring an additional 42,962 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of Darling Ingredients by 7,554.6% during the first 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. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DAR shares. Barclays lifted their price objective on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings raised shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, TD Cowen lifted their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Insider Activity at Darling Ingredients

In other news, EVP Patrick McNutt sold 8,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles Adair acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares in the company, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is owned by insiders.

Darling Ingredients Trading Down 1.5%

Darling Ingredients stock traded down $0.93 during trading on Thursday, hitting $61.45. The company’s stock had a trading volume of 816,210 shares, compared to its average volume of 2,586,374. The stock’s fifty day moving average is $63.83 and its 200 day moving average is $61.22. Darling Ingredients Inc. has a 1-year low of $30.39 and a 1-year high of $69.98. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 16.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56.

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 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 firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts predict that Darling Ingredients Inc. will post 7.05 EPS for the current year.

Darling Ingredients Profile

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.