Dockside LLC Takes $2.51 Million Position in Darling Ingredients Inc. $DAR

Dockside LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,952 shares of the company’s stock, valued at approximately $2,510,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after buying an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock valued at $498,927,000 after acquiring an additional 47,565 shares during the last quarter. Davis Selected Advisers boosted its position in shares of Darling Ingredients by 15.8% during the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after acquiring an additional 388,366 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Darling Ingredients by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after purchasing an additional 76,151 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Darling Ingredients by 3.2% in the fourth quarter. Morgan Stanley now owns 2,649,084 shares of the company’s stock valued at $95,367,000 after purchasing an additional 82,616 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 1.7%

Shares of DAR opened at $66.86 on Friday. The company’s 50-day moving average price is $58.93 and its 200 day moving average price is $57.49. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $67.68. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The firm has a market cap of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $0.08 earnings per share. Darling Ingredients’s revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DAR shares. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Scotiabank lifted their price target 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. Finally, Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Transactions at Darling Ingredients

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles L. Adair bought 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

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.