Robeco Institutional Asset Management B.V. grew its stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 424.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,705 shares of the company’s stock after acquiring an additional 82,310 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Darling Ingredients worth $5,940,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in DAR. Moneta Group Investment Advisors LLC increased its holdings in shares of Darling Ingredients by 107,533.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after acquiring an additional 7,656,389 shares during the period. Norges Bank purchased a new position in Darling Ingredients during the 4th quarter worth $135,362,000. DnB Asset Management AS grew its stake in Darling Ingredients by 85.4% during the 1st quarter. DnB Asset Management AS now owns 1,242,989 shares of the company’s stock worth $72,591,000 after buying an additional 572,466 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Darling Ingredients by 392.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 524,212 shares of the company’s stock worth $32,810,000 after buying an additional 417,702 shares during the last quarter. Finally, Premier Fund Managers Ltd grew its stake in Darling Ingredients by 6,416.4% during the 4th quarter. Premier Fund Managers Ltd now owns 370,000 shares of the company’s stock worth $9,676,000 after buying an additional 364,322 shares during the last quarter. 90.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Darling Ingredients
In related news, CEO Randall C. Stuewe sold 70,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the completion of the sale, the chief executive officer now owns 740,363 shares of the company’s stock, valued at approximately $48,123,595. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Larry Barden purchased 3,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were bought at an average cost of $63.74 per share, for a total transaction of $191,220.00. Following the transaction, the director now directly owns 16,726 shares of the company’s stock, valued at approximately $1,066,115.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Randall C. Stuewe sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $65.00, for a total value of $4,550,000.00. Following the completion of the sale, the chief executive officer now owns 740,363 shares of the company’s stock, valued at approximately $48,123,595. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
Darling Ingredients Stock Performance
Darling Ingredients (NYSE:DAR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. Darling Ingredients had a net margin of 10.57% and a return on equity of 19.99%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.65 billion. On average, equities research analysts expect that Darling Ingredients Inc. will post 5.57 earnings per share for the current year.
Analysts Set New Price Targets
DAR has been the subject of a number of research reports. Robert W. Baird lowered their price target on Darling Ingredients from $108.00 to $106.00 and set an “outperform” rating for the company in a research report on Thursday, April 13th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 20th. Piper Sandler lifted their price target on Darling Ingredients from $93.00 to $95.00 in a research report on Tuesday. Jefferies Financial Group lowered their price target on Darling Ingredients from $95.00 to $85.00 in a research report on Monday, May 15th. Finally, Stifel Nicolaus decreased their price objective on Darling Ingredients from $120.00 to $118.00 in a report on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.82.
Check Out Our Latest Research Report on DAR
Darling Ingredients Company Profile
Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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