Darling Ingredients Inc. $DAR is Harspring Capital Management LLC’s 3rd Largest Position

Harspring Capital Management LLC lifted its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 9.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 915,000 shares of the company’s stock after purchasing an additional 80,000 shares during the quarter. Darling Ingredients comprises approximately 10.8% of Harspring Capital Management LLC’s holdings, making the stock its 3rd largest holding. Harspring Capital Management LLC owned approximately 0.58% of Darling Ingredients worth $28,246,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Darling Ingredients by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Darling Ingredients by 10.9% in the first 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 buying an additional 58,925 shares during the period. Focus Partners Wealth acquired a new stake in shares of Darling Ingredients in the first quarter valued at about $205,000. Savant Capital LLC purchased a new stake in shares of Darling Ingredients during the 2nd quarter valued at about $230,000. Finally, Metis Global Partners LLC raised its holdings in shares of Darling Ingredients by 29.3% during the 2nd quarter. Metis Global Partners LLC now owns 13,650 shares of the company’s stock valued at $518,000 after buying an additional 3,091 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a report on Tuesday, February 17th. TD Cowen increased their price target on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research report on Friday, February 13th. Finally, Piper Sandler upped their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Stock Performance

NYSE:DAR traded up $0.12 during mid-day trading on Friday, hitting $56.45. The stock had a trading volume of 224,995 shares, compared to its average volume of 2,603,300. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of $46.89 and a 200-day simple moving average of $38.15. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 144.74, a P/E/G ratio of 0.57 and a beta of 1.24. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $57.35.

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

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.62% of the company’s stock.

Darling Ingredients Company 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.