Access Investment Management LLC Makes New $2.79 Million Investment in Darling Ingredients Inc. $DAR

Access Investment Management LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 73,615 shares of the company’s stock, valued at approximately $2,793,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAR. Sumitomo Mitsui Trust Group Inc. lifted its position in Darling Ingredients by 19.3% in the first 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 bought a new position in shares of Darling Ingredients in the first quarter valued at $255,000. Vanguard Group Inc. lifted its position in shares of Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after acquiring an additional 73,925 shares during the last quarter. Maven Securities LTD boosted its stake in shares of 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 acquiring an additional 24,668 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position 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 worth $17,561,000 after purchasing an additional 44,281 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 0.2%

NYSE DAR opened at $32.05 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The firm has a market cap 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. The stock’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $33.30. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49.

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

Insider Activity

In other 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 transaction, the chief executive officer owned 781,437 shares of the company’s stock, valued at $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird restated a “neutral” rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Zacks Research cut Darling Ingredients from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, Bank of America initiated coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

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.