Darling IngredientsDAR
Market Cap: $5.84B
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 Q2 SEC filings by fund managers ($100M+ AUM)
60% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 8 (+3) [Q2]
8% more call options, than puts
Call options by funds: $81.5M | Put options by funds: $75.8M
1.32% less ownership
Funds ownership: 95.14% [Q1] → 93.82% (-1.32%) [Q2]
7% less funds holding
Funds holding: 505 [Q1] → 471 (-34) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 183
22% less capital invested
Capital invested by funds: $7.06B [Q1] → $5.51B (-$1.55B) [Q2]
33% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 103
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Jefferies Dushyant Ailani 83% 1-year accuracy 5 / 6 met price target | 28%upside $47 | Buy Maintained | 26 Jul 2024 |
Scotiabank Paul Cheng 24% 1-year accuracy 9 / 37 met price target | 22%upside $45 | Sector Outperform Maintained | 12 Jul 2024 |
TD Cowen Jason Gabelman 42% 1-year accuracy 8 / 19 met price target | 22%upside $45 | Hold Maintained | 13 Jun 2024 |
Citigroup Thomas Palmer 31% 1-year accuracy 8 / 26 met price target | 31%upside $48 | Buy Upgraded | 12 Jun 2024 |