M. Kulyk & Associates LLC Invests $2.86 Million in Darling Ingredients Inc. $DAR

M. Kulyk & Associates LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,388 shares of the company’s stock, valued at approximately $2,861,000.

Other large investors have also recently bought and sold shares of the company. AIA Group Ltd purchased a new stake in Darling Ingredients during the 1st quarter worth about $4,453,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Darling Ingredients in the 4th quarter valued at about $585,000. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 277,233 shares during the last quarter. Strs Ohio raised its position in shares of 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 acquiring an additional 282,994 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Darling Ingredients during the fourth quarter worth approximately $17,728,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Up 0.9%

NYSE DAR opened at $68.27 on Wednesday. The firm’s fifty day moving average is $59.31 and its two-hundred day moving average is $57.94. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $68.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The firm has a market cap of $10.77 billion, a PE ratio of 18.40 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAR. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Barclays upped their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. TD Cowen lifted 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. Finally, Jefferies Financial Group boosted their target price on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Buying and Selling

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles L. Adair purchased 1,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $60.97 per share, with a total value of $60,970.00. Following the purchase, the director directly owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 10,591 shares of company stock valued at $704,303 in the last quarter. 1.90% of the stock is currently owned by insiders.

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.