Persistent Asset Partners Ltd Acquires Shares of 15,000 Darling Ingredients Inc. $DAR

Persistent Asset Partners Ltd bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 15,000 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. grew its position in Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after buying an additional 267 shares during the period. Public Employees Retirement System of Ohio raised its position in Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after acquiring an additional 304 shares during the period. NBC Securities Inc. boosted its stake in Darling Ingredients by 1.3% in the fourth quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock valued at $875,000 after acquiring an additional 318 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Darling Ingredients by 1.7% during the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock valued at $731,000 after acquiring an additional 342 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Darling Ingredients by 21.2% during the 4th quarter. UMB Bank n.a. now owns 2,026 shares of the company’s stock valued at $73,000 after acquiring an additional 354 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stephens lifted their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Scotiabank increased their price objective on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. UBS Group raised their target price on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Darling Ingredients Stock Performance

NYSE DAR opened at $55.22 on Wednesday. The company’s 50 day moving average is $60.47 and its 200-day moving average is $50.99. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-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 firm has a market cap of $8.78 billion, a P/E ratio of 40.01 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned ($0.16) EPS. Darling Ingredients’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts predict that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

Insider Activity

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

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.