MYDA Advisors LLC Makes New Investment in Darling Ingredients Inc. $DAR

MYDA Advisors LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. Danske Bank A S acquired a new stake in shares of Darling Ingredients in the third quarter valued at approximately $25,000. Leonteq Securities AG acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $35,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth $36,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DAR. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Scotiabank boosted their price target on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. TD Cowen boosted their price target on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. 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 research note on Monday, May 4th. Finally, Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Stock Down 0.1%

Shares of DAR opened at $56.96 on Monday. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $66.02. The company has a market cap of $9.05 billion, a P/E ratio of 41.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $60.83 and a two-hundred day simple moving average of $50.71.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the business earned ($0.16) earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

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.