Handelsbanken Fonder AB Buys 407,083 Shares of Darling Ingredients Inc. $DAR

Handelsbanken Fonder AB increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 68.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 998,223 shares of the company’s stock after purchasing an additional 407,083 shares during the quarter. Handelsbanken Fonder AB’s holdings in Darling Ingredients were worth $35,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. No Street GP LP acquired a new stake in Darling Ingredients in the third quarter worth $69,458,000. BNP Paribas Financial Markets raised its holdings in Darling Ingredients by 184.5% in the second quarter. BNP Paribas Financial Markets now owns 846,371 shares of the company’s stock worth $32,111,000 after purchasing an additional 548,844 shares during the period. Two Sigma Investments LP raised its holdings in Darling Ingredients by 608.5% in the third quarter. Two Sigma Investments LP now owns 634,361 shares of the company’s stock worth $19,583,000 after purchasing an additional 544,821 shares during the period. Goodlander Investment Management LLC raised its holdings in Darling Ingredients by 226.1% in the second quarter. Goodlander Investment Management LLC now owns 750,000 shares of the company’s stock worth $28,455,000 after purchasing an additional 520,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Darling Ingredients by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after purchasing an additional 512,219 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Down 3.6%

NYSE:DAR opened at $59.87 on Wednesday. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $66.02. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $60.13 and a two-hundred day moving average price of $47.45. The company has a market cap of $9.51 billion, a P/E ratio of 43.38 and a beta of 1.07.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned ($0.16) earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts expect that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DAR shares. Scotiabank increased their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. UBS Group increased their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Finally, BMO Capital Markets raised their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $69.00.

About Darling Ingredients

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.