Advisors Preferred LLC Takes $3.86 Million Position in Darling Ingredients Inc. $DAR

Advisors Preferred LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 62,466 shares of the company’s stock, valued at approximately $3,864,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after buying an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Darling Ingredients by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after purchasing an additional 58,925 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Darling Ingredients during the first quarter worth about $205,000. M&T Bank Corp increased its position in shares of Darling Ingredients by 11.2% during the second quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock worth $318,000 after purchasing an additional 847 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Darling Ingredients by 5.0% during the second quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock worth $25,705,000 after purchasing an additional 32,553 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of DAR opened at $61.76 on Wednesday. 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’s 50 day moving average is $58.47 and its two-hundred day moving average is $53.86. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $66.02. The firm has a market capitalization of $9.82 billion, a PE ratio of 44.76 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted ($0.16) EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts anticipate that Darling Ingredients Inc. will post 4.67 earnings per share for the current year.

Analyst Ratings Changes

DAR has been the topic of a number of research reports. Scotiabank raised their price target on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Barclays boosted their price objective on Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. TD Cowen lowered their target price 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. Wall Street Zen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Sunday, July 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.82.

Insiders Place Their Bets

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the 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 completion of the transaction, the chief accounting officer owned 19,969 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate 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.