SG Americas Securities LLC Increases Stock Holdings in Darling Ingredients Inc. $DAR

SG Americas Securities LLC boosted its stake in Darling Ingredients Inc. (NYSE:DAR) by 858.9% during the first quarter, Holdings Channel.com reports. The fund owned 169,313 shares of the company’s stock after purchasing an additional 151,656 shares during the quarter. SG Americas Securities LLC’s holdings in Darling Ingredients were worth $10,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Danske Bank A S acquired a new stake in Darling Ingredients in the 3rd quarter worth about $25,000. Allworth Financial LP raised its holdings in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $29,000. Leonteq Securities AG purchased a new position 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 in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays initiated coverage on shares of Darling Ingredients in a research report on Monday. They set an “equal weight” rating and a $58.00 price target on the stock. Scotiabank boosted their target price on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, Stephens boosted their price objective on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average price target of $67.45.

Darling Ingredients Trading Down 1.1%

NYSE DAR opened at $52.48 on Friday. 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 stock has a market capitalization of $8.34 billion, a P/E ratio of 38.03 and a beta of 1.02. The firm’s 50-day moving average is $59.14 and its two-hundred day moving average is $51.81. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the business earned ($0.16) earnings per share. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 4.59 earnings per share for the current 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.