Firetrail Investments PTY Ltd. Takes Position in Darling Ingredients Inc. $DAR

Firetrail Investments PTY Ltd. purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 164,493 shares of the company’s stock, valued at approximately $8,930,000. Darling Ingredients comprises about 2.5% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 20th largest position. Firetrail Investments PTY Ltd. owned 0.10% of Darling Ingredients as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Darling Ingredients by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after purchasing an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Darling Ingredients by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after buying an additional 47,565 shares in the last quarter. Davis Selected Advisers raised its position in shares of Darling Ingredients by 15.8% in the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after buying an additional 388,366 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Darling Ingredients by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock worth $102,249,000 after buying an additional 76,151 shares in the last quarter. Finally, Morgan Stanley boosted its position in Darling Ingredients by 3.2% during the fourth quarter. Morgan Stanley now owns 2,649,084 shares of the company’s stock worth $95,367,000 after acquiring an additional 82,616 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares in the company, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Patrick Mcnutt sold 8,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the transaction, the executive vice president directly owned 35,777 shares of the company’s stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

DAR has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barclays raised their target price on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Scotiabank raised their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Trading Down 0.3%

Shares of DAR stock opened at $66.86 on Monday. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $67.68. The company has a 50 day moving average price of $58.93 and a 200 day moving average price of $57.60. The stock has a market capitalization of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02. 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 released its 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 net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business earned $0.08 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

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.