Schroder Investment Management Group Sells 1,355,992 Shares of Darling Ingredients Inc. $DAR

Schroder Investment Management Group trimmed its stake in Darling Ingredients Inc. (NYSE:DAR) by 62.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 811,351 shares of the company’s stock after selling 1,355,992 shares during the period. Schroder Investment Management Group owned about 0.51% of Darling Ingredients worth $24,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Darling Ingredients by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after purchasing an additional 58,925 shares during the period. Focus Partners Wealth bought a new stake in Darling Ingredients during the 1st quarter valued at $205,000. Savant Capital LLC bought a new stake in Darling Ingredients during the 2nd quarter valued at $230,000. Finally, Metis Global Partners LLC lifted its holdings in shares of Darling Ingredients by 29.3% in the 2nd quarter. Metis Global Partners LLC now owns 13,650 shares of the company’s stock worth $518,000 after buying an additional 3,091 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

Darling Ingredients Trading Up 1.3%

Shares of NYSE:DAR opened at $56.28 on Friday. The company has a market capitalization of $8.93 billion, a PE ratio of 144.31, a P/E/G ratio of 0.57 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $57.35. The business’s fifty day simple moving average is $46.89 and its 200-day simple moving average is $38.15.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The firm had revenue of $1.71 billion during the quarter. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DAR shares. Robert W. Baird set a $64.00 price target on Darling Ingredients in a research report on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Jefferies Financial Group reiterated a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. BMO Capital Markets raised their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients 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.