Principal Financial Group Inc. Sells 8,778 Shares of Darling Ingredients Inc. $DAR

Principal Financial Group Inc. decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,280,878 shares of the company’s stock after selling 8,778 shares during the quarter. Principal Financial Group Inc. owned about 0.81% of Darling Ingredients worth $46,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Darling Ingredients by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after purchasing an additional 304 shares during the last quarter. NBC Securities Inc. raised its holdings in Darling Ingredients by 1.3% during the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock worth $875,000 after purchasing an additional 318 shares during the last quarter. Union Bancaire Privee UBP SA raised its holdings in Darling Ingredients by 1.7% during the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock worth $731,000 after purchasing an additional 342 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Darling Ingredients by 0.4% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 109,497 shares of the company’s stock worth $3,356,000 after purchasing an additional 449 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Darling Ingredients by 37.5% during the 3rd 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. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $63.14 on Friday. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 45.75 and a beta of 1.07. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a quick ratio of 0.99, a current ratio of 4.64 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $58.65 and a 200-day moving average of $45.80.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.76%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) EPS. On average, equities analysts forecast that Darling Ingredients Inc. will post 4.54 earnings per share for the current year.

Insider Activity at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DAR. Weiss Ratings restated a “sell (d+)” rating on shares of Darling Ingredients in a report on Friday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $59.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. BMO Capital Markets raised their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Piper Sandler raised their price target on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Robert W. Baird raised their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Buy” and an average price target of $68.00.

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.