Braun Stacey Associates Inc. Takes $19.76 Million Position in Darling Ingredients Inc. $DAR

Braun Stacey Associates Inc. acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 361,748 shares of the company’s stock, valued at approximately $19,759,000. Braun Stacey Associates Inc. owned approximately 0.23% of Darling Ingredients as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in Darling Ingredients by 246.8% during the second quarter. Hsbc Holdings PLC now owns 144,263 shares of the company’s stock valued at $7,953,000 after purchasing an additional 102,664 shares during the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Darling Ingredients in the second quarter worth $6,270,000. 49 Wealth Management LLC acquired a new stake in shares of Darling Ingredients in the second quarter worth $277,000. Empowered Funds LLC bought a new stake in shares of Darling Ingredients during the 2nd quarter worth $2,940,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Darling Ingredients during the 2nd quarter worth $208,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on DAR. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. raised their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Jefferies Financial Group lifted their price objective on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Transactions at Darling Ingredients

In other news, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the sale, the chief accounting officer directly owned 18,969 shares in the company, valued at approximately $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles L. Adair acquired 1,000 shares of the stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. This trade represents a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 10,591 shares of company stock worth $704,303 over the last quarter. 1.90% of the stock is owned by company insiders.

Darling Ingredients Stock Up 4.8%

NYSE DAR opened at $64.35 on Friday. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $69.98. The stock has a market cap of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02. The firm has a 50-day simple moving average of $60.68 and a 200 day simple moving average of $58.81. 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 issued its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $1.01. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 6.98 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.