Lombard Odier Asset Management Europe Ltd Invests $6.27 Million in Darling Ingredients Inc. $DAR

Lombard Odier Asset Management Europe Ltd purchased a new position in Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 114,784 shares of the company’s stock, valued at approximately $6,270,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Darling Ingredients during the second quarter worth about $851,450,000. AIA Group Ltd purchased a new stake in shares of Darling Ingredients in the 1st quarter valued at about $4,453,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at about $585,000. BNP Paribas Financial Markets boosted its position in shares of Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after purchasing an additional 277,233 shares during the period. Finally, Strs Ohio grew its stake in Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock worth $17,735,000 after buying an additional 282,994 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DAR shares. 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. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. 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 note on Tuesday, May 12th. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Insider Activity

In other news, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer directly owned 18,969 shares in the company, valued at $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles L. Adair purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, with a total value 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. This represents a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 10,591 shares of company stock worth $704,303 over the last quarter. Insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $64.35 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The business has a 50 day simple moving average of $60.68 and a 200-day simple moving average of $58.81. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The stock has a market capitalization of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02.

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 firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. Equities analysts predict that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

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.