Darling Ingredients Inc. (NYSE:DAR) Position Cut by Ossiam

Posted by Defense World Staff on Jun 10th, 2023

Ossiam trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 61.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,186 shares of the company’s stock after selling 1,894 shares during the quarter. Ossiam’s holdings in Darling Ingredients were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DAR. WFA of San Diego LLC bought a new position in Darling Ingredients during the 4th quarter valued at $31,000. Belpointe Asset Management LLC bought a new stake in shares of Darling Ingredients during the 4th quarter worth $39,000. Standard Family Office LLC bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $53,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $70,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Darling Ingredients in the third quarter valued at $73,000. 90.90% of the stock is owned by institutional investors.

Darling Ingredients Trading Down 0.1 %

Shares of NYSE:DAR opened at $63.10 on Friday. Darling Ingredients Inc. has a 52-week low of $51.77 and a 52-week high of $82.69. The company has a market cap of $10.07 billion, a P/E ratio of 14.02 and a beta of 1.23. The stock’s 50-day moving average is $60.65 and its 200-day moving average is $62.43. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.98 and a current ratio of 1.73.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Darling Ingredients from $80.00 to $85.00 in a report on Thursday, May 11th. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James cut their price objective on Darling Ingredients from $100.00 to $95.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 1st. UBS Group increased their price objective on Darling Ingredients from $82.00 to $85.00 in a report on Monday, May 15th. Finally, JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Activity at Darling Ingredients

In other news, EVP Patrick Mcnutt purchased 900 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the purchase, the executive vice president now directly owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Patrick Mcnutt purchased 900 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the purchase, the executive vice president now directly owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles L. Adair purchased 500 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were purchased at an average price of $54.15 per share, for a total transaction of $27,075.00. Following the completion of the purchase, the director now directly owns 36,551 shares of the company’s stock, valued at $1,979,236.65. The disclosure for this purchase can be found here. Insiders have bought 4,400 shares of company stock worth $266,958 over the last three months. Company insiders own 2.62% of the company’s stock.

Darling Ingredients Company Profile

(Get Rating)

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.