34,076 Shares in Darling Ingredients Inc. (NYSE:DAR) Acquired by Sagefield Capital LP

Sagefield Capital LP acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,076 shares of the company’s stock, valued at approximately $1,252,000.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Darling Ingredients

In other news, EVP Robert W. Day acquired 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares in the company, valued at approximately $496,337.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.62% of the company’s stock.

Darling Ingredients Price Performance

DAR stock opened at $36.60 on Tuesday. The firm has a 50 day simple moving average of $38.03 and a two-hundred day simple moving average of $40.25. The stock has a market cap of $5.85 billion, a PE ratio of 10.96 and a beta of 1.24. Darling Ingredients Inc. has a one year low of $32.67 and a one year high of $55.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.57 and a quick ratio of 0.91.

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

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.