MIdWestOne Financial Group Inc. Has $2.87 Million Stake in Darling Ingredients Inc. $DAR

MIdWestOne Financial Group Inc. decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,578 shares of the company’s stock after selling 16,604 shares during the quarter. MIdWestOne Financial Group Inc. owned about 0.05% of Darling Ingredients worth $2,865,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DAR. Danske Bank A S acquired a new stake in Darling Ingredients during the third quarter worth approximately $25,000. Allworth Financial LP grew its position in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares in the last quarter. Leonteq Securities AG acquired a new stake in Darling Ingredients during the fourth quarter worth approximately $35,000. Hilton Head Capital Partners LLC acquired a new stake in Darling Ingredients during the fourth quarter worth approximately $36,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Darling Ingredients during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $1,275,819.41. This trade represents a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Down 2.8%

Shares of DAR opened at $56.94 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 41.26 and a beta of 1.02. The stock has a fifty day moving average of $60.93 and a 200-day moving average of $50.55.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. Darling Ingredients’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DAR shares. UBS Group increased their price target on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. TD Cowen raised their target price on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank raised their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

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.