8,795 Shares in Darling Ingredients Inc. $DAR Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR) in the 1st quarter, Holdings Channel.com reports. The firm acquired 8,795 shares of the company’s stock, valued at approximately $544,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DAR. Goldman Sachs Group Inc. lifted its stake in shares of Darling Ingredients by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Darling Ingredients by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after buying an additional 58,925 shares during the period. Focus Partners Wealth purchased a new position in Darling Ingredients in the first quarter valued at about $205,000. M&T Bank Corp increased its holdings in Darling Ingredients by 11.2% in the second quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after buying an additional 847 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after acquiring an additional 32,553 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings lowered Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Barclays lifted their price objective on Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank upped their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, Robert W. Baird raised their price target on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.82.

Insiders Place Their Bets

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 2.1%

DAR stock opened at $60.53 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The company’s 50 day simple moving average is $58.42 and its 200-day simple moving average is $54.04. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02. The firm has a market capitalization of $9.62 billion, a PE ratio of 43.86 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted ($0.16) EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will post 4.67 earnings per share for the current fiscal year.

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.