Legal & General Group Plc Invests $11.48 Million in Darling Ingredients Inc. $DAR

Legal & General Group Plc acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 210,188 shares of the company’s stock, valued at approximately $11,480,000.

A number of other large investors also recently modified their holdings of DAR. Danske Bank A S purchased a new stake in Darling Ingredients in the 3rd quarter worth $25,000. Allworth Financial LP lifted its position in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares in the last quarter. SJS Investment Consulting Inc. boosted 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 acquiring an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth about $29,000. Finally, Leonteq Securities AG purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE:DAR opened at $66.59 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $10.51 billion, a P/E ratio of 17.95 and a beta of 1.02. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $69.98. The business’s 50-day moving average is $60.95 and its 200 day moving average is $59.01.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on DAR. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. TD Cowen increased their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Jefferies Financial Group boosted 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. Finally, Weiss Ratings upgraded 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 assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Transactions at Darling Ingredients

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president directly owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles L. Adair purchased 1,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price 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 $3,151,539.30. The trade was a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 over the last quarter. 1.90% of the stock is owned by insiders.

Darling Ingredients 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.