Darling Ingredients Inc. $DAR Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Darling Ingredients Inc. (NYSE:DAR) by 46.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,900 shares of the company’s stock after buying an additional 12,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Darling Ingredients were worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in DAR. BlackRock Inc. bought a new position in shares of Darling Ingredients in the second quarter worth $851,450,000. AIA Group Ltd acquired a new position in Darling Ingredients in the first quarter valued at about $4,453,000. Hsbc Holdings PLC grew its stake in Darling Ingredients by 246.8% during the second quarter. Hsbc Holdings PLC now owns 144,263 shares of the company’s stock worth $7,953,000 after buying an additional 102,664 shares in the last quarter. Bank of America Corp DE acquired a new stake in Darling Ingredients during the second quarter worth about $129,371,000. Finally, Private Advisory Group LLC bought a new position in Darling Ingredients in the 2nd quarter valued at about $1,482,000. 94.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick McNutt sold 8,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction 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 approximately $2,400,278.93. The trade was a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,591 shares of company stock worth $704,303 in the last three months. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Stephens restated an “overweight” rating and set a $80.00 price objective on shares of Darling Ingredients in a research report on Thursday, October 15th. Finally, UBS Group upped their target price on Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $53.56 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.45 billion, a PE ratio of 9.73 and a beta of 1.00. Darling Ingredients Inc. has a 12-month low of $31.62 and a 12-month high of $69.98. The business’s 50-day moving average price is $61.70 and its two-hundred day moving average price is $58.34.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the company posted $0.12 EPS. As a group, analysts expect that Darling Ingredients Inc. will post 6.88 earnings per share for the current fiscal year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.