Pacer Advisors Inc. Has $1.16 Million Holdings in Darling Ingredients Inc. $DAR

Pacer Advisors Inc. trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 88.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 18,784 shares of the company’s stock after selling 145,139 shares during the quarter. Pacer Advisors Inc.’s holdings in Darling Ingredients were worth $1,162,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its holdings in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares in the last quarter. Turtle Creek Wealth Advisors LLC increased its holdings in Darling Ingredients by 2.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after purchasing an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Darling Ingredients by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after purchasing an additional 220 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after purchasing an additional 267 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Activity

In other Darling Ingredients news, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DAR shares. Barclays raised their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Stephens increased their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Trading Down 0.1%

Shares of DAR opened at $59.37 on Monday. The company has a quick ratio of 1.03, a current ratio of 3.89 and a debt-to-equity ratio of 0.13. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $66.02. The firm has a market capitalization of $9.44 billion, a PE ratio of 16.00 and a beta of 1.02. The stock’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $56.81.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. As a group, research analysts predict that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

About Darling Ingredients

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.