17,000 Shares in Darling Ingredients Inc. $DAR Acquired by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,000 shares of the company’s stock, valued at approximately $585,000.

A number of other large investors have also bought and sold shares of the business. Coldstream Capital Management Inc. increased its stake in Darling Ingredients by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after purchasing an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Darling Ingredients by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after purchasing an additional 304 shares in the last quarter. NBC Securities Inc. increased its stake in Darling Ingredients by 1.3% during the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock worth $875,000 after purchasing an additional 318 shares in the last quarter. Union Bancaire Privee UBP SA increased its stake in Darling Ingredients by 1.7% during the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock worth $731,000 after purchasing an additional 342 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Darling Ingredients by 45.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,331 shares of the company’s stock worth $48,000 after purchasing an additional 416 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Insider Activity at Darling Ingredients

In other 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 represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings raised Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. TD Cowen raised their price target on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Stephens raised their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank raised their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Trading Down 1.1%

NYSE DAR opened at $58.96 on Friday. The company has a market cap of $9.37 billion, a PE ratio of 42.73 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02. The stock has a 50 day moving average of $60.74 and a 200-day moving average of $48.83.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 4.68 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.