PBU The Pension Fund of Early Childhood & Youth Educators Buys Shares of 360,707 Darling Ingredients Inc. $DAR

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 360,707 shares of the company’s stock, valued at approximately $12,985,000.

Several other large investors have also recently bought and sold shares of DAR. Goldman Sachs Group Inc. increased its stake in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after buying an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 valued at $18,768,000 after buying an additional 58,925 shares during the period. Focus Partners Wealth acquired a new position in Darling Ingredients during the 1st quarter valued at about $205,000. M&T Bank Corp increased its stake in Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after buying an additional 847 shares during the period. Finally, Invesco Ltd. increased its stake in Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after buying an additional 32,553 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR opened at $59.42 on Friday. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $66.02. The company has a 50-day moving average of $61.09 and a two-hundred day moving average of $49.75. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 43.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts expect that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on DAR. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. UBS Group lifted their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Finally, TD Cowen lifted their price objective on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One research 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 company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by insiders.

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.