Rokos Capital Management LLP Lowers Position in Darling Ingredients Inc. $DAR

Rokos Capital Management LLP decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 57.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 408,002 shares of the company’s stock after selling 551,363 shares during the quarter. Rokos Capital Management LLP’s holdings in Darling Ingredients were worth $25,237,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AIA Group Ltd purchased a new position in shares of Darling Ingredients during the first quarter valued at about $4,453,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Darling Ingredients in the fourth quarter worth about $585,000. BNP Paribas Financial Markets lifted its position in shares of Darling Ingredients by 26.8% in the fourth quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after buying an additional 277,233 shares in the last quarter. Ninety One UK Ltd boosted its stake in Darling Ingredients by 28.3% during the fourth quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock valued at $18,677,000 after buying an additional 114,397 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Darling Ingredients during the fourth quarter valued at approximately $17,728,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 3.3%

Shares of NYSE DAR opened at $60.46 on Tuesday. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The business’s 50 day moving average is $58.43 and its two-hundred day moving average is $55.52. The stock has a market capitalization of $9.61 billion, a P/E ratio of 43.81 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned ($0.16) EPS. As a group, research analysts expect that Darling Ingredients Inc. will post 5.04 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of research reports. Wall Street Zen raised Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Barclays increased their target price on Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Scotiabank boosted 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 report on Wednesday, April 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.73.

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.