Global Endowment Management LP Invests $463,000 in Darling Ingredients Inc. $DAR

Global Endowment Management LP bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,983 shares of the company’s stock, valued at approximately $463,000.

A number of other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Darling Ingredients during the third quarter valued at approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its position in Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Darling Ingredients by 138.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after purchasing an additional 877 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Darling Ingredients by 37.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock valued at $51,000 after purchasing an additional 455 shares in 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 $56.28 on Friday. The company has a market capitalization of $8.93 billion, a PE ratio of 144.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. The business’s fifty day moving average is $46.89 and its 200 day moving average is $38.15. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $57.35.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.62% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DAR. Jefferies Financial Group reiterated a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a research report on Friday, February 13th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. BMO Capital Markets boosted their target price on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price objective on Darling Ingredients in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Company Profile

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.