14,983 Shares in Darling Ingredients Inc. $DAR Acquired by Global Endowment Management LP

Global Endowment Management LP bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the third quarter, Holdings Channel.com reports. The fund bought 14,983 shares of the company’s stock, valued at approximately $463,000.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of Darling Ingredients by 37.5% in the third quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock worth $51,000 after purchasing an additional 455 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Darling Ingredients by 0.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock worth $1,639,000 after buying an additional 460 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Darling Ingredients by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock valued at $2,772,000 after purchasing an additional 514 shares during the period. Arizona State Retirement System raised its holdings in Darling Ingredients by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 46,801 shares of the company’s stock valued at $1,445,000 after acquiring an additional 647 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Darling Ingredients by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 149,141 shares of the company’s stock valued at $5,658,000 after purchasing an additional 730 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.62% of the stock is owned by company insiders.

Darling Ingredients Trading Up 1.3%

NYSE:DAR opened at $56.28 on Friday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 144.31, a PEG ratio of 0.57 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $57.35. The firm has a fifty day simple moving average of $46.89 and a two-hundred day simple moving average of $38.15.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion for the quarter. Analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on DAR shares. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. BMO Capital Markets boosted their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. Finally, Piper Sandler lifted their price objective on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.60.

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.