Lido Advisors LLC Takes $1.25 Million Position in Darling Ingredients Inc. $DAR

Lido Advisors LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) during the first quarter, Holdings Channel.com reports. The firm acquired 20,135 shares of the company’s stock, valued at approximately $1,245,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAR. Danske Bank A S acquired a new position in Darling Ingredients during the third quarter valued at approximately $25,000. Allworth Financial LP lifted its stake in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Darling Ingredients during the 4th quarter worth $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients in the 4th quarter valued at $35,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. 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. Stephens lifted their price objective on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. UBS Group boosted their price objective on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.73.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred 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 directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 3.3%

NYSE DAR opened at $60.46 on Tuesday. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $66.02. The stock has a market cap of $9.61 billion, a PE ratio of 43.81 and a beta of 1.04. The firm has a 50-day simple moving average of $58.43 and a 200 day simple moving average of $55.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.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 company posted ($0.16) earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 5.04 EPS for the current 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.