Darling Ingredients (DAR)

• Market cap: $6.85B
• 1 day: 4.80%
• 5 days: 4.72%
• 1 month: 22.58%
• 3 months: 5.21%
• 6 months: -1.15%
• Year to date: -14.72%
• 1 year: -2.16%
• 5 years: 86.53%
• 10 years: 127.54%
• Sector: Consumer Staples
• Industry: Fats & Oils

About: Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers. Also, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments which are feed ingredients contributing the majority of revenue, food ingredients, and fuel ingredients. It provides grease trap services for food businesses and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its revenue from customers in North America.

Employees: 15,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more call options, than puts

Call options by funds: $137M | Put options by funds: $106M

20% more repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 155

1.52% more ownership

Funds ownership: 95.14% [Q2] → 96.66% (+1.52%) [Q3]

2% more capital invested

Capital invested by funds: $5.59B [Q2] → $5.71B (+$127M) [Q3]

5% less funds holding

Funds holding: 477 [Q2] → 451 (-26) [Q3]

35% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 75

63% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 3 (-5) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $43 0% upside
• Avg. target: $48 11% upside
• High target: $59 37% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

JP Morgan John Royall 31% 1-year accuracy 5 / 16 met price target	37% upside $59	Overweight Maintained	30 Oct 2024
Jefferies Lloyd Byrne 68% 1-year accuracy 13 / 19 met price target	7% upside $46	Buy Maintained	25 Oct 2024
Piper Sandler Ryan Todd 22% 1-year accuracy 7 / 32 met price target	12% upside $48	Overweight Maintained	11 Oct 2024
Jefferies Lloyd Byrne 68% 1-year accuracy 13 / 19 met price target	2% upside $44	Buy Maintained	7 Oct 2024
TD Cowen Jason Gabelman 62% 1-year accuracy 16 / 26 met price target	0% downside $43	Hold Maintained	13 Sept 2024