Darling Ingredients
DAR

$36.74

5.89%

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

Consumer Staples Fats & Oils

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 4 analysts

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

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Research analyst outlook

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

Low target

$45

22%

upside

Avg. target

$46

26%

upside

High target

$48

31%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Jefferies Dushyant Ailani 83% 1-year accuracy 5 / 6 met price target	28%upside $47	Buy Maintained	26 Jul 2024
Scotiabank Paul Cheng 26% 1-year accuracy 9 / 34 met price target	22%upside $45	Sector Outperform Maintained	12 Jul 2024
TD Cowen Jason Gabelman 41% 1-year accuracy 7 / 17 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

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Financial journalist opinion

Darling Ingredients Announces Scope 1 and 2 Emissions Reduction Target, Issues 2023 Sustainability Progress Report

IRVING, Texas , Aug. 14, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced a target to reduce Scope 1 and 2 emissions 42% by 2030, which aligns with its commitment to the Science Based Targets initiative (SBTi). The goal is included in the company's 2023 Sustainability Progress Report, published today.

Darling Ingredients Announces Scope 1 and 2 Emissions Reduction Target, Issues 2023 Sustainability Progress Report

DAR Stock Alert: Why Are Shares of Darling Ingredients Soaring Today?

Darling Ingredients (NYSE: DAR ) stock is climbing higher on Tuesday despite a lack of news from the developer and seller of edible and inedible bio-nutrients. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is up today.

DAR Stock Alert: Why Are Shares of Darling Ingredients Soaring Today?

Darling Ingredients Inc. Announces Sustainable Aviation Fuel Contract Through Diamond Green Diesel Joint Venture

IRVING, Texas , July 31, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel to create blended SAF, for commercial air travel out of John F. Kennedy International Airport (JFK) to begin in the next few months.

Darling Ingredients Inc. Announces Sustainable Aviation Fuel Contract Through Diamond Green Diesel Joint Venture

Darling Ingredients Director Michael E. Rescoe Retires from Board

IRVING, Texas , July 29, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that long-time board member Michael E. Rescoe has retired from its board.

Darling Ingredients Director Michael E. Rescoe Retires from Board

The Motley Fool

Darling Ingredients Faces Deep Earnings Dip

Reported EPS of $0.49 beat estimates by $0.03, while revenue of $1.46 billion exactly matched consensus analyst expectations. Net income fell significantly to $78.9 million from $252.4 million year-over-year, a decline of 69%.

Darling Ingredients Faces Deep Earnings Dip

Darling Ingredients Inc. (DAR) Q2 2024 Earnings Call Transcript

Darling Ingredients Inc. (NYSE:DAR ) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Suann Guthrie - Senior Vice President of Investor Relations, Sustainability and Global Communications Randall Stuewe - Chairman and Chief Executive Officer Brad Phillips - Executive Vice President and Chief Financial Officer Robert Day - Executive Vice President and Chief Strategy Officer Matt Jansen - Chief Operating Officer of North America Conference Call Participants Heather Jones - Heather Jones Research LLC Dushyant Ailani - Jefferies LLC Manav Gupta - UBS Adam Samuelson - Goldman Sachs Group, Inc. Matthew Blair - Tudor, Pickering, Holt & Co. Thomas Palmer - Citi Ryan Todd - Piper Sandler John Royall - JPMorgan Andrew Strelzik - BMO Capital Markets Ben Kallo - Robert W. Baird & Co. Operator Good morning, and welcome to the Darling Ingredients Inc. Conference Call to discuss the Company's Second Quarter 2024 Financial Results.

Darling Ingredients Inc. (DAR) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, Darling (DAR) Q2 Earnings: A Look at Key Metrics

Although the revenue and EPS for Darling (DAR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Darling (DAR) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

Darling Ingredients (DAR) Q2 Earnings Top Estimates

Darling Ingredients (DAR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $1.55 per share a year ago.

Darling Ingredients (DAR) Q2 Earnings Top Estimates

Darling Ingredients Inc. Reports Second Quarter 2024 Results

Second Quarter 2024 Net income of $78.9 million, or $0.49 per GAAP diluted share Net sales of $1.5 billion Combined adjusted EBITDA of $273.6 million Repurchased $29.2 million of common stock Received $77.1 million in cash dividends from Diamond Green Diesel on July 18, 2024 IRVING, Texas , July 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today reported net income of $78.9 million, or $0.49 per diluted share for the second quarter of 2024, compared to net income of $252.4 million, or $1.55 per diluted share, for the second quarter of 2023. The decrease in net income was primarily due to a sharp year-over-year decline in fat prices and lower earnings within Diamond Green Diesel (DGD).

Darling Ingredients Inc. Reports Second Quarter 2024 Results

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