Van ECK Associates Corp Sells 62,811 Shares of Darling Ingredients Inc. $DAR

Van ECK Associates Corp cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 9.3% during the second quarter, Holdings Channel.com reports. The firm owned 615,370 shares of the company’s stock after selling 62,811 shares during the quarter. Van ECK Associates Corp’s holdings in Darling Ingredients were worth $33,612,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Danske Bank A S bought a new position in Darling Ingredients in the third quarter valued at $25,000. Allworth Financial LP lifted its position in Darling Ingredients by 227.2% during the 4th 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. SJS Investment Consulting Inc. lifted its position in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the 4th quarter worth about $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients in the 4th quarter valued at about $35,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 0.0%

Darling Ingredients stock opened at $64.35 on Monday. The firm has a market capitalization of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02. The company’s 50-day moving average is $60.68 and its 200-day moving average is $58.89. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. Darling Ingredients’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. Sell-side analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of recent research reports. Barclays lifted their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Jefferies Financial Group raised their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. TD Cowen boosted their price target on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This trade represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the transaction, the executive vice president directly owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is owned by insiders.

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.