Capstone Investment Advisors LLC Acquires Shares of 9,407 Darling Ingredients Inc. $DAR

Capstone Investment Advisors LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, Holdings Channel reports. The firm acquired 9,407 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Darling Ingredients by 17.0% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Darling Ingredients by 10.9% in 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 stake in Darling Ingredients in the first quarter worth about $205,000. M&T Bank Corp boosted its position in Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after acquiring an additional 847 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock worth $25,705,000 after acquiring an additional 32,553 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 completion of the acquisition, the director directly owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 10,591 shares of company stock valued at $704,303. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR opened at $64.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock has a market cap of $10.15 billion, a P/E ratio of 17.35 and a beta of 1.02. The business’s 50 day moving average price is $60.68 and its 200-day moving average price is $58.81. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $69.98.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DAR has been the subject of several research reports. TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Jefferies Financial Group increased their price objective on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Barclays raised their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.00.

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.