Menu Close

Russell Investments Group Ltd. Grows Holdings in Darling Ingredients Inc. (NYSE:DAR)

view original post

Russell Investments Group Ltd. boosted its holdings in shares of Darling Ingredients Inc. (NYSE:DARGet Rating) by 143.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 136,438 shares of the company’s stock after purchasing an additional 80,344 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Darling Ingredients worth $10,965,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DAR. Marshall Wace LLP grew its holdings in shares of Darling Ingredients by 1,257.1% during the fourth quarter. Marshall Wace LLP now owns 4,126,968 shares of the company’s stock worth $285,958,000 after buying an additional 3,822,875 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Darling Ingredients by 38.3% in the fourth quarter. Impax Asset Management Group plc now owns 4,044,181 shares of the company’s stock valued at $279,274,000 after purchasing an additional 1,120,368 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Darling Ingredients by 1,249.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 715,058 shares of the company’s stock worth $49,546,000 after purchasing an additional 662,058 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Darling Ingredients by 25.8% during the first quarter. Artemis Investment Management LLP now owns 2,496,559 shares of the company’s stock worth $200,392,000 after purchasing an additional 511,366 shares during the period. Finally, Pictet Asset Management SA grew its position in Darling Ingredients by 23.2% in the 4th quarter. Pictet Asset Management SA now owns 1,994,605 shares of the company’s stock valued at $138,206,000 after buying an additional 375,509 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Darling Ingredients news, Director Charles L. Adair purchased 500 shares of Darling Ingredients stock in a transaction on Tuesday, May 24th. The shares were bought at an average price of $73.95 per share, with a total value of $36,975.00. Following the completion of the acquisition, the director now directly owns 36,051 shares of the company’s stock, valued at $2,665,971.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Darling Ingredients news, Director Charles L. Adair purchased 500 shares of Darling Ingredients stock in a transaction on Tuesday, May 24th. The shares were bought at an average price of $73.95 per share, with a total value of $36,975.00. Following the completion of the acquisition, the director now directly owns 36,051 shares of the company’s stock, valued at $2,665,971.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Bullock sold 12,374 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $82.70, for a total transaction of $1,023,329.80. Following the completion of the sale, the executive vice president now directly owns 109,496 shares in the company, valued at approximately $9,055,319.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,333 shares of company stock worth $5,347,539. Insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens upped their price objective on shares of Darling Ingredients from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Cowen reduced their price objective on shares of Darling Ingredients to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Cowen initiated coverage on Darling Ingredients in a research report on Monday, April 25th. They set a “market perform” rating and a $80.00 target price on the stock. Piper Sandler raised their price target on Darling Ingredients to $98.00 in a report on Monday, July 25th. Finally, StockNews.com downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $94.33.

Darling Ingredients Stock Performance

NYSE DAR opened at $72.40 on Friday. The business has a 50 day moving average price of $67.83 and a 200 day moving average price of $71.47. The company has a market capitalization of $11.69 billion, a P/E ratio of 17.53 and a beta of 1.24. Darling Ingredients Inc. has a 1-year low of $55.71 and a 1-year high of $87.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.55 and a quick ratio of 0.94.

Darling Ingredients (NYSE:DARGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. Darling Ingredients had a return on equity of 20.76% and a net margin of 13.58%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. Sell-side analysts expect that Darling Ingredients Inc. will post 5.36 EPS for the current fiscal year.

Darling Ingredients Profile

(Get Rating)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

Read More

Want to see what other hedge funds are holding DAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Darling Ingredients Inc. (NYSE:DARGet Rating).

Receive News & Ratings for Darling Ingredients Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Darling Ingredients and related companies with MarketBeat.com’s FREE daily email newsletter.