Focus Partners Advisor Solutions LLC Buys Shares of 10,810 Darling Ingredients Inc. $DAR

Focus Partners Advisor Solutions LLC purchased a new position in Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,810 shares of the company’s stock, valued at approximately $590,000.

Other hedge funds have also recently made changes to their positions in the company. AIA Group Ltd bought a new stake in shares of Darling Ingredients in the first quarter worth $4,453,000. Fideuram Asset Management Ireland dac purchased a new position in Darling Ingredients in the fourth quarter worth about $585,000. BNP Paribas Financial Markets grew its stake in shares of Darling Ingredients by 26.8% during 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 period. Strs Ohio increased its position in shares of Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after purchasing an additional 282,994 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Darling Ingredients in the 4th quarter worth approximately $17,728,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the transaction, the executive vice president directly owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This trade represents a 18.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles L. Adair bought 1,000 shares of Darling Ingredients stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares in the company, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Up 0.7%

Shares of DAR opened at $67.50 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 18.19 and a beta of 1.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $67.95. The business’s 50 day simple moving average is $59.11 and its 200-day simple moving average is $57.77.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DAR shares. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group boosted their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Barclays lifted their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.