Darling Ingredients Inc. $DAR Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC raised its position in Darling Ingredients Inc. (NYSE:DAR) by 448.5% in the first quarter, Holdings Channel reports. The fund owned 52,542 shares of the company’s stock after buying an additional 42,962 shares during the period. Sterling Capital Management LLC’s holdings in Darling Ingredients were worth $3,250,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DAR. Danske Bank A S acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at $25,000. Allworth Financial LP grew its stake in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new position in Darling Ingredients in the fourth quarter valued at $29,000. Leonteq Securities AG acquired a new stake in Darling Ingredients in the fourth quarter valued at $35,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Darling Ingredients in the fourth quarter valued at $36,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen decreased their price target on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Wall Street Zen lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Stephens upped their price target on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $67.45.

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 stock was 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. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $52.48 on Monday. The stock’s 50-day moving average is $59.14 and its two-hundred day moving average is $51.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 38.03 and a beta of 1.02.

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

About Darling Ingredients

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.