400,000 Shares in Darling Ingredients Inc. $DAR Bought by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $24,740,000.

Other large investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its stake in shares of Darling Ingredients by 18.4% in the 1st quarter. Quantinno Capital Management LP now owns 124,684 shares of the company’s stock valued at $7,712,000 after purchasing an additional 19,382 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Darling Ingredients during the first quarter worth about $292,000. Lombard Odier Asset Management Europe Ltd grew its stake in Darling Ingredients by 14.2% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 183,301 shares of the company’s stock worth $11,337,000 after purchasing an additional 22,796 shares in the last quarter. Waverly Advisors LLC acquired a new position in Darling Ingredients in the first quarter worth about $337,000. Finally, Entropy Technologies LP increased its holdings in Darling Ingredients by 99.5% in the first quarter. Entropy Technologies LP now owns 44,733 shares of the company’s stock valued at $2,767,000 after buying an additional 22,309 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DAR. Jefferies Financial Group upped 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. Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings raised Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, Scotiabank raised their price objective on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.73.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $60.46 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $66.02. The firm has a 50-day simple moving average of $58.43 and a 200 day simple moving average of $55.52. The company has a market cap of $9.61 billion, a PE ratio of 43.81 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share 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 firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Darling Ingredients’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 5.04 EPS for the current year.

Darling Ingredients Company 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.