Darling Ingredients Inc. (NYSE:DAR) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,523,809 shares of the company’s stock after buying an additional 204,547 shares during the period. Vanguard Group Inc. owned about 9.51% of Darling Ingredients worth $1,047,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vident Investment Advisory LLC lifted its position in shares of Darling Ingredients by 4.6% during the second quarter. Vident Investment Advisory LLC now owns 31,808 shares of the company’s stock worth $2,147,000 after purchasing an additional 1,386 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Darling Ingredients during the second quarter worth $1,415,000. Public Sector Pension Investment Board acquired a new position in shares of Darling Ingredients during the second quarter worth $496,000. Trexquant Investment LP lifted its position in shares of Darling Ingredients by 194.6% during the second quarter. Trexquant Investment LP now owns 53,657 shares of the company’s stock worth $3,622,000 after purchasing an additional 35,444 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Darling Ingredients by 4.7% during the second quarter. Private Advisor Group LLC now owns 5,730 shares of the company’s stock worth $387,000 after purchasing an additional 257 shares in the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:DAR opened at $72.67 on Thursday. Darling Ingredients Inc. has a twelve month low of $41.73 and a twelve month high of $79.65. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $73.73 and a 200-day moving average of $71.11. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 24.63 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Monday, August 9th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.82 by $0.35. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Darling Ingredients had a net margin of 12.01% and a return on equity of 17.49%. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 3.75 earnings per share for the current year.

In other Darling Ingredients news, CEO Randall C. Stuewe sold 70,000 shares of Darling Ingredients stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $76.09, for a total transaction of $5,326,300.00. Following the sale, the chief executive officer now owns 652,773 shares in the company, valued at $49,669,497.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F. Sterling sold 10,000 shares of Darling Ingredients stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $76.51, for a total transaction of $765,100.00. Following the sale, the executive vice president now owns 275,703 shares in the company, valued at approximately $21,094,036.53. The disclosure for this sale can be found here. 2.52% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on DAR shares. Zacks Investment Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler lifted their price target on shares of Darling Ingredients from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, June 18th. Raymond James boosted their target price on shares of Darling Ingredients from $95.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Monday, August 16th. BMO Capital Markets boosted their target price on shares of Darling Ingredients from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, August 12th. Finally, Robert W. Baird boosted their target price on shares of Darling Ingredients from $89.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, August 12th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $94.91.

About Darling Ingredients

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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