UNIVEST FINANCIAL Corp Has $3.97 Million Holdings in Darling Ingredients Inc. $DAR

UNIVEST FINANCIAL Corp decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,246 shares of the company’s stock after selling 14,705 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Darling Ingredients were worth $3,974,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in Darling Ingredients during the 4th quarter worth about $94,211,000. No Street GP LP bought a new position in shares of Darling Ingredients during the third quarter worth about $69,458,000. Assenagon Asset Management S.A. lifted its stake in shares of Darling Ingredients by 72.9% in the first quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock worth $129,388,000 after acquiring an additional 882,185 shares during the period. Rubric Capital Management LP bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $24,510,000. Finally, Amundi increased its position in Darling Ingredients by 177.7% during the 4th quarter. Amundi now owns 864,400 shares of the company’s stock valued at $31,119,000 after purchasing an additional 553,081 shares during the period. 94.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DAR shares. Weiss Ratings lowered shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Barclays upped their price target on shares of Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. UBS Group upped their target price on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. One equities research 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.82.

Darling Ingredients Stock Up 1.0%

DAR traded up $0.62 during mid-day trading on Friday, reaching $60.81. 1,806,898 shares of the stock were exchanged, compared to its average volume of 2,462,021. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The stock has a market capitalization of $9.66 billion, a PE ratio of 44.06 and a beta of 1.04. The company has a 50 day moving average price of $58.58 and a two-hundred day moving average price of $53.36. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02.

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, beating analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company earned ($0.16) EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts anticipate that Darling Ingredients Inc. will post 4.67 EPS for the current year.

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.