Darling Ingredients Inc. $DAR Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 25.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,347 shares of the company’s stock after selling 44,060 shares during the period. Peregrine Capital Management LLC’s holdings in Darling Ingredients were worth $7,876,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in shares of Darling Ingredients during the third quarter valued at $25,000. Allworth Financial LP lifted its holdings in 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 purchasing an additional 509 shares during the period. SJS Investment Consulting Inc. lifted its holdings in 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 purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new position in Darling Ingredients in the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on DAR shares. TD Cowen dropped their price target on shares of Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. UBS Group increased their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen cut Darling Ingredients from a “buy” rating to a “hold” rating in a report on Saturday. Stephens upped their target price on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Robert W. Baird increased their price target on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. One investment 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’s stock. According to MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $67.45.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $54.69 on Wednesday. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The stock has a market cap of $8.69 billion, a PE ratio of 39.63 and a beta of 1.02. The company’s 50-day moving average price is $58.93 and its two-hundred day moving average price is $52.19.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company posted ($0.16) EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 4.59 EPS for the current fiscal year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

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.