Impax Asset Management Group plc Sells 36,898 Shares of Darling Ingredients Inc. $DAR

Impax Asset Management Group plc cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,147,396 shares of the company’s stock after selling 36,898 shares during the period. Impax Asset Management Group plc’s holdings in Darling Ingredients were worth $41,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAR. Goldman Sachs Group Inc. grew its position in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after acquiring an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Darling Ingredients by 10.9% in 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 worth $18,768,000 after purchasing an additional 58,925 shares in the last quarter. Focus Partners Wealth acquired a new position in Darling Ingredients in the 1st quarter worth about $205,000. M&T Bank Corp increased its holdings in Darling Ingredients by 11.2% in the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock worth $318,000 after purchasing an additional 847 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock worth $25,705,000 after buying an additional 32,553 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Down 1.2%

Darling Ingredients stock opened at $60.18 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $64.90. The firm’s fifty day moving average is $57.10 and its 200 day moving average is $44.06. The company has a market capitalization of $9.55 billion, a PE ratio of 154.31, a PEG ratio of 0.41 and a beta of 1.08.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The company had revenue of $1.71 billion for the quarter. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 3.63 EPS for the current fiscal year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAR shares. BMO Capital Markets lifted their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Stephens boosted their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, UBS Group boosted their price objective on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Buy” and a consensus target price of $66.00.

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.