Darling Ingredients Inc. (NYSE:DAR) Stock Holdings Lifted by First Washington CORP

First Washington CORP lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,213 shares of the company’s stock after buying an additional 6,580 shares during the period. Darling Ingredients accounts for approximately 1.9% of First Washington CORP’s holdings, making the stock its 23rd biggest position. First Washington CORP owned 0.09% of Darling Ingredients worth $5,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Darling Ingredients by 1,412.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares during the last quarter. Rise Advisors LLC bought a new stake in Darling Ingredients in the first quarter valued at $25,000. Riverview Trust Co bought a new position in shares of Darling Ingredients during the first quarter worth about $55,000. Parallel Advisors LLC increased its holdings in shares of Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after acquiring an additional 389 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in Darling Ingredients by 56.9% in the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock valued at $100,000 after purchasing an additional 724 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In related news, EVP Robert W. Day acquired 2,532 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.62% of the stock is currently owned by corporate insiders.

Darling Ingredients Stock Performance

Shares of DAR opened at $35.45 on Wednesday. The stock has a market capitalization of $5.66 billion, a P/E ratio of 10.61 and a beta of 1.24. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $58.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91. The firm’s 50 day moving average is $38.10 and its 200-day moving average is $40.43.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. Jefferies Financial Group decreased their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. TD Cowen cut their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Finally, Scotiabank decreased their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.10.

Darling Ingredients 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.