Darling Ingredients Inc. (NYSE:DAR) Holdings Boosted by MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income boosted its holdings in Darling Ingredients Inc. (NYSE:DARGet Rating) by 0.5% during the first quarter, HoldingsChannel.com reports. The fund owned 29,435 shares of the company’s stock after acquiring an additional 140 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s holdings in Darling Ingredients were worth $2,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in shares of Darling Ingredients by 1,257.1% during the fourth quarter. Marshall Wace LLP now owns 4,126,968 shares of the company’s stock valued at $285,958,000 after buying an additional 3,822,875 shares during the last quarter. Impax Asset Management Group plc grew its position in Darling Ingredients by 38.3% in the fourth quarter. Impax Asset Management Group plc now owns 4,044,181 shares of the company’s stock worth $279,274,000 after buying an additional 1,120,368 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Darling Ingredients by 1,249.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 715,058 shares of the company’s stock worth $49,546,000 after purchasing an additional 662,058 shares during the period. Artemis Investment Management LLP boosted its stake in Darling Ingredients by 25.8% in the 1st quarter. Artemis Investment Management LLP now owns 2,496,559 shares of the company’s stock worth $200,392,000 after purchasing an additional 511,366 shares during the period. Finally, Pictet Asset Management SA boosted its stake in Darling Ingredients by 23.2% in the 4th quarter. Pictet Asset Management SA now owns 1,994,605 shares of the company’s stock worth $138,206,000 after purchasing an additional 375,509 shares during the period. Institutional investors own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DAR shares. Stephens raised their price objective on shares of Darling Ingredients from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Piper Sandler lifted their target price on shares of Darling Ingredients to $98.00 in a research note on Monday, July 25th. Cowen initiated coverage on shares of Darling Ingredients in a research note on Monday, April 25th. They set a “market perform” rating and a $80.00 target price for the company. StockNews.com lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Cowen decreased their target price on shares of Darling Ingredients to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.33.

Darling Ingredients Stock Performance

DAR traded up $0.72 during trading on Friday, hitting $72.40. The stock had a trading volume of 1,282,703 shares, compared to its average volume of 1,349,104. The firm has a market cap of $11.69 billion, a PE ratio of 17.53 and a beta of 1.24. Darling Ingredients Inc. has a 12 month low of $55.71 and a 12 month high of $87.59. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $67.83 and a 200-day simple moving average of $71.47.

Darling Ingredients (NYSE:DARGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. Darling Ingredients had a net margin of 13.58% and a return on equity of 20.76%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that Darling Ingredients Inc. will post 5.36 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In other news, EVP John Bullock sold 12,374 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $82.70, for a total transaction of $1,023,329.80. Following the transaction, the executive vice president now directly owns 109,496 shares in the company, valued at $9,055,319.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brad Phillips sold 25,000 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $79.00, for a total transaction of $1,975,000.00. Following the completion of the transaction, the chief financial officer now owns 100,920 shares in the company, valued at $7,972,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Bullock sold 12,374 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $82.70, for a total transaction of $1,023,329.80. Following the transaction, the executive vice president now owns 109,496 shares of the company’s stock, valued at approximately $9,055,319.20. The disclosure for this sale can be found here. Insiders have sold a total of 67,333 shares of company stock worth $5,347,539 over the last ninety days. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Company Profile

(Get Rating)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

See Also

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DARGet Rating).

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.