Jupiter Topco LLC Buys New Position in Darling Ingredients Inc. $DAR

Jupiter Topco LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 165,371 shares of the company’s stock, valued at approximately $9,034,000.

Several other institutional investors also recently added to or reduced their stakes in DAR. BlackRock Inc. acquired a new stake in shares of Darling Ingredients in the second quarter valued at approximately $851,450,000. AIA Group Ltd acquired a new position in shares of Darling Ingredients in the 1st quarter valued at $4,453,000. Fideuram Asset Management Ireland dac purchased a new stake in Darling Ingredients in the 4th quarter valued at $585,000. BNP Paribas Financial Markets raised its position in Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after purchasing an additional 277,233 shares during the last quarter. Finally, Strs Ohio boosted its stake in Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock worth $17,735,000 after purchasing an additional 282,994 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Nicholas James Kemphaus sold 1,591 shares of the business’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 transaction of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of the 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 of the company’s stock, valued at approximately $1,276,044.63. This trade represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,591 shares of company stock worth $704,303. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Up 0.0%

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

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

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. TD Cowen boosted their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Barclays upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients 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.