Edmond DE Rothschild Holding S.A. Acquires New Shares in Darling Ingredients Inc. $DAR

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Darling Ingredients Inc. (NYSE:DARFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,518 shares of the company’s stock, valued at approximately $1,339,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. SJS Investment Consulting Inc. increased its holdings in shares of Darling Ingredients by 69.9% in the first 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 lifted its holdings in shares of 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 grew its position in shares of 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 period. Coldstream Capital Management Inc. grew its position in shares of 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 period. Finally, Basecamp Wealth Advisors LLC increased its stake in Darling Ingredients by 35.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after purchasing an additional 270 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Key Darling Ingredients News

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

Insider Buying and Selling

In other Darling Ingredients news, EVP Nicholas James Kemphaus sold 1,591 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares in the company, valued at $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the transaction, the chief accounting officer directly owned 18,969 shares in the company, valued at $1,276,044.63. This trade represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,591 shares of company stock valued at $704,303 in the last ninety days. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAR. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

View Our Latest Research Report on Darling Ingredients

Darling Ingredients Stock Up 1.2%

Shares of DAR stock opened at $67.74 on Friday. The firm’s fifty day moving average price is $59.69 and its two-hundred day moving average price is $58.24. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $69.98. The firm has a market capitalization of $10.69 billion, a P/E ratio of 18.26 and a beta of 1.02.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.Darling Ingredients’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, equities analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Darling Ingredients 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.

See Also

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

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