Triglav Investments D.O.O. Sells 8,125 Shares of Darling Ingredients Inc. $DAR

Triglav Investments D.O.O. trimmed its position in Darling Ingredients Inc. (NYSE:DAR) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the company’s stock after selling 8,125 shares during the quarter. Triglav Investments D.O.O.’s holdings in Darling Ingredients were worth $1,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Darling Ingredients by 19.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock worth $953,000 after purchasing an additional 4,933 shares during the period. Cornerstone Investment Partners LLC acquired a new stake in shares of Darling Ingredients in the 1st quarter worth $255,000. Vanguard Group Inc. grew its stake in shares of Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after acquiring an additional 73,925 shares during the last quarter. Maven Securities LTD grew its position in Darling Ingredients by 328.9% during the 1st quarter. Maven Securities LTD now owns 32,168 shares of the company’s stock worth $1,005,000 after purchasing an additional 24,668 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Darling Ingredients by 8.6% during the first quarter. Envestnet Asset Management Inc. now owns 562,130 shares of the company’s stock valued at $17,561,000 after buying an additional 44,281 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE:DAR opened at $32.05 on Friday. The stock has a market capitalization of $5.07 billion, a PE ratio of 47.84, a price-to-earnings-growth ratio of 2.35 and a beta of 1.22. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average price is $32.19 and its 200-day moving average price is $33.27.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of research reports. JPMorgan Chase & Co. started coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Bank of America initiated coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Robert W. Baird restated a “neutral” rating and set a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 35,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

Darling Ingredients Company 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.