JPMorgan Chase & Co. Boosts Stake in Darling Ingredients Inc. $DAR

JPMorgan Chase & Co. increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 75.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 601,263 shares of the company’s stock after acquiring an additional 258,942 shares during the period. JPMorgan Chase & Co. owned approximately 0.38% of Darling Ingredients worth $18,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Darling Ingredients by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after purchasing an additional 58,925 shares during the period. Focus Partners Wealth acquired a new stake in Darling Ingredients in the first quarter valued at approximately $205,000. Creative Planning increased its position in shares of Darling Ingredients by 39.6% in the second quarter. Creative Planning now owns 19,511 shares of the company’s stock valued at $740,000 after buying an additional 5,533 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Darling Ingredients by 1.8% in the second quarter. Legal & General Group Plc now owns 253,591 shares of the company’s stock valued at $9,621,000 after buying an additional 4,515 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DAR shares. BMO Capital Markets increased their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Scotiabank reissued an “outperform” rating and issued a $61.00 price target on shares of Darling Ingredients in a report on Tuesday, February 17th. Wall Street Zen cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday. TD Cowen increased their price objective on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.90.

Darling Ingredients Stock Performance

DAR opened at $58.69 on Thursday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $59.36. The firm has a market capitalization of $9.32 billion, a PE ratio of 150.48, a PEG ratio of 0.45 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average price is $50.15 and its 200 day moving average price is $39.63.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.