Diversified Trust Co Buys Shares of 16,642 Darling Ingredients Inc. $DAR

Diversified Trust Co bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,642 shares of the company’s stock, valued at approximately $1,029,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DAR. Danske Bank A S bought a new position in Darling Ingredients during the 3rd quarter worth $25,000. Allworth Financial LP grew its position in shares of Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at about $29,000. Leonteq Securities AG bought a new position in shares of Darling Ingredients during the fourth quarter worth about $35,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Darling Ingredients during the fourth quarter worth about $36,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Down 0.8%

NYSE DAR opened at $52.79 on Wednesday. The business has a 50 day simple moving average of $59.56 and a 200 day simple moving average of $51.58. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $66.02. The stock has a market capitalization of $8.39 billion, a P/E ratio of 38.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.16) earnings per share. Research analysts expect that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. TD Cowen reduced their target price on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird raised their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. UBS Group boosted their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Stephens upped their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.45.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer 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 legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by corporate 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.