Darling Ingredients Inc. $DAR Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its position in Darling Ingredients Inc. (NYSE:DAR) by 57.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,267 shares of the company’s stock after selling 222,198 shares during the period. CenterBook Partners LP owned approximately 0.10% of Darling Ingredients worth $5,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new stake in Darling Ingredients in the fourth quarter valued at approximately $36,000. Los Angeles Capital Management LLC boosted its stake in Darling Ingredients by 1.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 77,566 shares of the company’s stock valued at $2,792,000 after acquiring an additional 783 shares in the last quarter. Havemeyer Place LP acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $881,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $12,985,000. Finally, Clear Harbor Asset Management LLC lifted its stake in shares of Darling Ingredients by 13.1% during the fourth quarter. Clear Harbor Asset Management LLC now owns 23,730 shares of the company’s stock worth $854,000 after buying an additional 2,750 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Piper Sandler lifted their price objective on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Stephens lifted their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.00.

Insider Transactions at Darling Ingredients

In related 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Darling Ingredients Trading Down 0.0%

NYSE DAR opened at $59.42 on Monday. The company has a market capitalization of $9.44 billion, a PE ratio of 43.06 and a beta of 1.02. The company has a fifty day moving average of $61.09 and a 200 day moving average of $49.86. 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.

Darling Ingredients (NYSE:DAR) last posted its earnings results 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. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.16) earnings per share. Research analysts forecast that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

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.