First Washington CORP Has $5.01 Million Stake in Darling Ingredients Inc. (NYSE:DAR)

First Washington CORP boosted its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,213 shares of the company’s stock after purchasing an additional 6,580 shares during the period. Darling Ingredients comprises approximately 1.9% of First Washington CORP’s holdings, making the stock its 23rd largest position. First Washington CORP’s holdings in Darling Ingredients were worth $5,006,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings 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 valued at $25,000 after acquiring an additional 466 shares in the last quarter. Rise Advisors LLC purchased a new position in Darling Ingredients in the first quarter valued at about $25,000. Riverview Trust Co acquired a new position in Darling Ingredients in the 1st quarter worth about $55,000. Parallel Advisors LLC increased its position in 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 purchasing an additional 389 shares during the last quarter. Finally, V Square Quantitative Management LLC raised 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 worth $100,000 after purchasing an additional 724 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

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

Darling Ingredients Stock Performance

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

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 analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Darling Ingredients’s revenue was down 17.2% compared to the same quarter last year. On average, equities analysts forecast that Darling Ingredients Inc. will post 2.47 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In related news, EVP Robert W. Day bought 2,532 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the purchase, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.62% of the company’s stock.

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.