Firetrail Investments PTY Ltd. Has $8.31 Million Stock Holdings in Darling Ingredients Inc. $DAR

Firetrail Investments PTY Ltd. lessened its stake in Darling Ingredients Inc. (NYSE:DAR) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,733 shares of the company’s stock after selling 85,592 shares during the quarter. Darling Ingredients comprises approximately 2.7% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 19th biggest holding. Firetrail Investments PTY Ltd.’s holdings in Darling Ingredients were worth $8,311,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Danske Bank A S bought a new stake in Darling Ingredients during the 3rd quarter worth about $25,000. Abich Financial Wealth Management LLC bought a new position in shares of Darling Ingredients in the 3rd quarter valued at about $37,000. EverSource Wealth Advisors LLC boosted its stake 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. Wilmington Savings Fund Society FSB grew its position in shares of Darling Ingredients by 138.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock worth $47,000 after buying an additional 877 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth approximately $48,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on DAR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Darling Ingredients in a research report on Friday, April 10th. Jefferies Financial Group raised 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. TD Cowen upped their price objective on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. Piper Sandler increased their target price on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Scotiabank raised their target price on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $68.00.

Darling Ingredients Price Performance

DAR opened at $63.14 on Friday. The stock has a market cap of $10.02 billion, a P/E ratio of 45.75 and a beta of 1.07. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02. The company has a quick ratio of 0.99, a current ratio of 4.64 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $58.65 and a 200 day simple moving average of $45.80.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.76%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. On average, research analysts expect that Darling Ingredients Inc. will post 4.54 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

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.