Danica Pension Livsforsikringsaktieselskab Decreases Stock Holdings in Darling Ingredients Inc. $DAR

Danica Pension Livsforsikringsaktieselskab trimmed its position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) by 66.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,530 shares of the company’s stock after selling 37,358 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Darling Ingredients were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Danske Bank A S purchased a new position in shares of Darling Ingredients in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Darling Ingredients in the 3rd quarter valued at approximately $37,000. Torren Management LLC purchased a new position in shares of Darling Ingredients in the 4th quarter valued at approximately $50,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Darling Ingredients by 138.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after purchasing an additional 877 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Key Stories Impacting Darling Ingredients

Here are the key news stories impacting Darling Ingredients this week:

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $64.25 on Friday. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $64.90. The company’s 50 day moving average is $57.96 and its 200 day moving average is $44.93. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The company has a market cap of $10.20 billion, a PE ratio of 164.73 and a beta of 1.08.

Darling Ingredients (NYSE:DARGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.25. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company earned ($0.16) EPS. Darling Ingredients’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DAR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Darling Ingredients in a research report on Friday, April 10th. Stephens increased their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $59.00 to $69.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Wall Street Zen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Scotiabank increased their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $67.40.

Check Out Our Latest Research Report on Darling Ingredients

Darling Ingredients Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DARFree Report).

Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.