Barings LLC Cuts Stake in Darling Ingredients Inc. $DAR

Barings LLC lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,772 shares of the company’s stock after selling 53,841 shares during the quarter. Barings LLC’s holdings in Darling Ingredients were worth $6,832,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of Darling Ingredients by 4.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock valued at $43,552,000 after purchasing an additional 56,662 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Darling Ingredients by 94.2% in the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after purchasing an additional 36,593 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Darling Ingredients by 75.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 601,263 shares of the company’s stock valued at $18,561,000 after purchasing an additional 258,942 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Darling Ingredients in the 4th quarter valued at about $585,000. Finally, Citigroup Inc. increased its holdings in shares of Darling Ingredients by 134.4% in the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after purchasing an additional 247,311 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Stock Down 2.8%

Shares of NYSE:DAR opened at $56.94 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02. The stock’s fifty day simple moving average is $60.93 and its 200-day simple moving average is $50.55. The company has a market capitalization of $9.05 billion, a P/E ratio of 41.26 and a beta of 1.02.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Robert W. Baird raised their price objective on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, TD Cowen raised their price objective on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients 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.