Jupiter Asset Management Purchases New Position in Darling Ingredients Inc. as Company Reports Earnings and Insider Activity Surfaces

August 18, 2023 – Darling Elements Inc. (NYSE:DAR) has made latest headlines as Jupiter Asset Administration Ltd. bought a brand new place within the firm’s shares in the course of the first quarter. The agency acquired 51,589 shares of Darling Elements’ inventory, valued at roughly $3,012,000.

Darling Elements reported its newest earnings outcomes on Tuesday, August eighth. Though the corporate had income of $1.76 billion for the quarter, barely decrease than analyst estimates of $1.83 billion, it nonetheless mirrored a 6.5% enhance in comparison with the identical interval final yr.

The corporate’s web margin stood at 11.12%, with a return on fairness of 20.15%. Nevertheless, Darling Elements fell wanting the consensus estimate for earnings per share by ($0.02), posting $1.55 as a substitute of the anticipated $1.57. In the identical quarter of the earlier yr, they earned $1.23 per share.

Market analysts are projecting that Darling Elements Inc. will submit an EPS of 5.57 for this present yr.

In different information associated to Darling Elements Inc., Director Gary W. Mize bought extra shares in two separate transactions in August; one transaction included shopping for 1,550 shares of Darling Elements inventory on August eleventh and one other an identical transaction occurred on the identical day.

EVP John Bullock additionally made information by promoting off 28,734 shares of the enterprise’s inventory on August tenth at a median worth of $65.10 per share.

In line with a submitting with the Securities & Change Fee (SEC), insiders have offered a complete of 157,334 shares throughout the final three months which amounted to a price of $10,236,615. Presently, roughly 2.62% of the inventory is owned by insiders.

These latest developments have generated appreciable curiosity amongst traders and trade consultants, as they point out a possible shift in possession and technique inside Darling Elements Inc.

Darling Elements Inc.


Sturdy Purchase

Up to date on: 18/08/2023

Worth Goal

Present $63.83

Concensus $91.00

Low $80.00

Median $90.50

Excessive $103.00

Present extra

Social Sentiments

We didn’t discover social sentiment knowledge for this inventory

Analyst Scores

Analyst / agency Score
Jason Gabelman
Cowen & Co.
Stephens Purchase
Todd Firestone
Evercore ISI
Adam Samuelson
Goldman Sachs

Present extra

Institutional Traders and Analysts Assess Darling Elements: Current Strikes and Blended Opinions

Darling Elements, a worldwide chief in sustainable meals processing and components, has seen a number of institutional traders and hedge funds make important adjustments to their positions within the enterprise. HighTower Advisors LLC, as an example, raised its holdings in shares of Darling Elements by 97.9% within the first quarter, buying a further 6,999 shares valued at $1,133,000. Equally, Financial institution of Montreal Can elevated its holdings by 20.4% throughout the identical interval, buying a further 3,563 shares valued at $1,697,000.

Acadian Asset Administration LLC and Panagora Asset Administration Inc. additionally made noteworthy strikes within the first quarter by buying new positions in Darling Elements valued at about $141,000 and $447,000 respectively. Moreover, Nice West Life Assurance Co. Can grew its stake in Darling Elements by 8.2%, buying a further 6,770 shares valued at $7,366,000.

Because of these transactions and different investments from institutional traders and hedge funds, roughly 90.92% of the inventory is now owned by these entities.

Shares of Darling Elements Inc., listed on the New York Inventory Change underneath ticker image NYSE:DAR opened at $62.83 on August 18th. The corporate’s inventory has skilled a fluctuation between a 12-month low of $51.77 and a 12-month excessive of $82.69.

With a present market capitalization of $10.02 billion and a PE ratio of 13.04 coupled with a beta worth of 1.21; Darling Elements appears to be sustaining stability throughout the market regardless of latest volatility.

On the analyst entrance, Jefferies Monetary Group reported chopping their goal worth on Darling Elements from $95 to $85 whereas Robert W Baird adjusted it from $106 to $104 amidst their analysis notes on August tenth.

JPMorgan Chase & Co. additionally dropped their worth goal from $92 to $91 and set an “chubby” ranking on the inventory. Piper Sandler, alternatively, raised their worth goal from $93 to $95. Stephens reiterated an “equal weight” ranking and assigned a $65 worth goal.

It’s value mentioning that Bloomberg.com presently offers a consensus ranking of “Average Purchase” for Darling Elements with a consensus worth goal of $90.64 based on market analysts.

General, Darling Elements continues to draw consideration from institutional traders and hedge funds whereas additionally garnering blended analyst opinions. The approaching months will undoubtedly shed extra mild on the corporate’s efficiency within the dynamic meals processing and components trade.


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