Timothy G. Youngquist 2020 Irrevocable Trust Acquires Shares of 18,200 Darling Ingredients Inc. $DAR

Timothy G. Youngquist 2020 Irrevocable Trust bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,200 shares of the company’s stock, valued at approximately $994,000.

Other institutional investors have also recently made changes to their positions in the company. AIA Group Ltd bought a new stake in shares of Darling Ingredients during the 1st quarter valued at $4,453,000. Fideuram Asset Management Ireland dac bought a new position in shares of Darling Ingredients in the 4th quarter worth about $585,000. BNP Paribas Financial Markets increased its stake in shares of Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after acquiring an additional 277,233 shares in the last quarter. Strs Ohio lifted its position in Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after acquiring an additional 282,994 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Darling Ingredients during the 4th quarter valued at about $17,728,000. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other news, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the sale, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This trade represents a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,591 shares of company stock worth $704,303. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $68.27 on Wednesday. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 18.40 and a beta of 1.02. The firm’s 50-day moving average is $59.31 and its 200 day moving average is $57.94. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $68.59. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. Darling Ingredients’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Sell-side analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Scotiabank boosted their price target on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group boosted their price target on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.