Candriam S.C.A. Purchases 128,344 Shares of Darling Ingredients Inc. $DAR

Candriam S.C.A. raised its position in Darling Ingredients Inc. (NYSE:DAR) by 864.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,192 shares of the company’s stock after purchasing an additional 128,344 shares during the quarter. Candriam S.C.A.’s holdings in Darling Ingredients were worth $8,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in shares of Darling Ingredients by 17.0% in the first 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after purchasing an additional 58,925 shares during the last quarter. Focus Partners Wealth acquired a new position in Darling Ingredients in the first quarter valued at $205,000. M&T Bank Corp lifted its stake in shares of Darling Ingredients by 11.2% in the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after purchasing an additional 847 shares during the period. Finally, Invesco Ltd. lifted its stake in Darling Ingredients by 5.0% in the second quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after buying an additional 32,553 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAR. Barclays raised their price objective on shares of Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Stephens increased their target price 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. UBS Group raised their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.82.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 0.0%

Shares of NYSE:DAR opened at $60.81 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02. The business’s 50 day simple moving average is $58.58 and its two-hundred day simple moving average is $53.49. The firm has a market cap of $9.66 billion, a P/E ratio of 44.06 and a beta of 1.04.

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. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, research analysts forecast that Darling Ingredients Inc. will post 4.67 EPS for the current fiscal year.

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.