5,410 Shares in Darling Ingredients Inc. (NYSE:DAR) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,410 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in DAR. Jennison Associates LLC raised its stake in Darling Ingredients by 55.0% during the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock worth $72,683,000 after acquiring an additional 554,512 shares during the period. BNP Paribas Financial Markets raised its position in shares of Darling Ingredients by 34.8% during the 1st quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock valued at $5,340,000 after purchasing an additional 29,660 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Darling Ingredients by 15.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock valued at $79,499,000 after buying an additional 213,763 shares in the last quarter. Overbrook Management Corp boosted its holdings in Darling Ingredients by 16.1% in the 1st quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock worth $11,514,000 after buying an additional 34,300 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Darling Ingredients in the 1st quarter worth $1,462,000. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAR. Scotiabank dropped their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. TD Cowen dropped their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Jefferies Financial Group reduced their price objective on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, October 7th. Finally, Piper Sandler dropped their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.70.

Insider Activity

In related news, EVP Robert W. Day purchased 2,532 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average price of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.62% of the company’s stock.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $36.74 on Tuesday. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 11.00 and a beta of 1.24. The firm’s fifty day moving average is $37.63 and its 200 day moving average is $39.38. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same period last year, the company earned $1.55 EPS. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.26 EPS for the current fiscal year.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.