Darling Ingredients Inc. $DAR Position Trimmed by Brooklands Fund Management Ltd

Brooklands Fund Management Ltd cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 48.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,374 shares of the company’s stock after selling 134,626 shares during the period. Darling Ingredients comprises about 0.7% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 9th biggest position. Brooklands Fund Management Ltd’s holdings in Darling Ingredients were worth $5,233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of DAR. Vanguard Group Inc. raised its holdings in Darling Ingredients by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after acquiring an additional 512,219 shares during the period. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock valued at $288,704,000 after acquiring an additional 242,857 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Darling Ingredients by 6.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after acquiring an additional 287,665 shares during the period. Davis Selected Advisers raised its holdings in Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after acquiring an additional 388,366 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Darling Ingredients by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after acquiring an additional 76,151 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Trading Down 1.5%

Shares of NYSE DAR opened at $56.12 on Tuesday. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The business’s 50 day moving average is $60.66 and its two-hundred day moving average is $50.86. The stock has a market capitalization of $8.92 billion, a P/E ratio of 40.67 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last issued 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 business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted ($0.16) earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Darling Ingredients Inc. will post 4.68 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on DAR. TD Cowen raised their price target on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. Robert W. Baird lifted their target price on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Stephens lifted their target price on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. 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. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.