Janus Henderson Group PLC Raises Stake in Darling Ingredients Inc. $DAR

Janus Henderson Group PLC increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 125.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 156,881 shares of the company’s stock after buying an additional 87,281 shares during the quarter. Janus Henderson Group PLC’s holdings in Darling Ingredients were worth $9,703,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AIA Group Ltd purchased a new position in Darling Ingredients in the first quarter valued at approximately $4,453,000. Fideuram Asset Management Ireland dac purchased a new stake in Darling Ingredients in the fourth quarter worth $585,000. BNP Paribas Financial Markets raised its stake in shares of Darling Ingredients by 26.8% in the fourth quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after buying an additional 277,233 shares during the period. Ninety One UK Ltd raised its stake in shares of Darling Ingredients by 28.3% in the fourth quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock valued at $18,677,000 after buying an additional 114,397 shares during the period. Finally, Strs Ohio lifted its position in shares of Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after buying an additional 282,994 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAR has been the subject of several recent research reports. TD Cowen boosted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Scotiabank raised their price objective 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. Finally, Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Trading Down 3.8%

Shares of Darling Ingredients stock opened at $57.86 on Thursday. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $66.02. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 15.60 and a beta of 1.02. The company has a current ratio of 3.89, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $58.53 and its 200-day moving average price is $56.53.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. Darling Ingredients’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, equities analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Insider Activity at Darling Ingredients

In other news, Director Charles L. Adair purchased 1,000 shares of Darling Ingredients stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director directly owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

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.