DARLING INGREDIENTS INC DAR
COM · Common Stock · CUSIP 237266101 · ISIN US2372661015
Darling Ingredients serves the agri-food industry and reduce food waste by collecting and repurposing animal-based co-products and other natural materials that would otherwise be discarded.
- SectorConsumer staples
- IndustryFats & Oils
- HeadquartersIrving, TX
- Websitedarlingii.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.5m this quarter). Holder counts are more reliable. Shares outstanding: 159.0m as of 2024-08-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $36.75. Options: 22 managers hold calls ($81.6m notional), 20 hold puts ($75.8m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 519 |
| Q4 2022 | 567 |
| Q1 2023 | 538 |
| Q2 2023 | 548 |
| Q3 2023 | 556 |
| Q4 2023 | 545 |
| Q1 2024 | 520 |
| Q2 2024 | 489 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 300 | 255 |
| Q1 2023 | 271 | 269 |
| Q2 2023 | 257 | 265 |
| Q3 2023 | 251 | 275 |
| Q4 2023 | 258 | 295 |
| Q1 2024 | 255 | 266 |
| Q2 2024 | 225 | 286 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $34.2m | $36.1m | 1.06 |
| Q4 2023 | $118.7m | $68.3m | 0.58 |
| Q1 2024 | $122.0m | $92.6m | 0.76 |
| Q2 2024 | $81.6m | $75.8m | 0.93 |
Biggest buyers
| DIMENSIONAL FUND ADVISORS LP | Added | +1.8m |
| CITADEL ADVISORS LLC | Added | +1.6m |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +1.3m |
| Gates Capital Management, Inc. | Added | +1.1m |
| BANK OF AMERICA CORP /DE/ | Added | +647.2k |
| UBS Group AG | Added | +583.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +575.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +563.4k |
| Channing Capital Management, LLC | Added | +556.0k |
| GOLDMAN SACHS GROUP INC | Added | +537.8k |
Biggest sellers
| MORGAN STANLEY | Reduced | -5.3m |
| BlackRock Inc. | Reduced | -4.0m |
| Empower Advisory Group, LLC | Reduced | -1.3m |
| FIL Ltd | Reduced | -1.1m |
| STATE STREET CORP | Reduced | -781.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -707.2k |
| NORDEA INVESTMENT MANAGEMENT AB | Sold out | -668.4k |
| Aberdeen Group plc | Sold out | -580.8k |
| Bank Julius Baer & Co. Ltd, Zurich | Reduced | -578.7k |
| Amundi | Reduced | -520.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.1m464.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $16.7m454.2k shares |
| CITADEL ADVISORS LLC | Reduced | $13.6m369.6k shares |
| Walnut Level Capital LLC | New | $7.3m200.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.6m98.3k shares |
| WOLVERINE TRADING, LLC | Added | $3.5m95.4k shares |
| Cubist Systematic Strategies, LLC | Reduced | $3.0m80.7k shares |
| IMC-Chicago, LLC | Added | $3.0m80.4k shares |
| D. E. Shaw & Co., Inc. | Added | $2.8m76.3k shares |
| Twin Tree Management, LP | New | $2.8m75.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $17.6m480.1k shares |
| SIMPLEX TRADING, LLC | Added | $11.6m315.7k shares |
| CITADEL ADVISORS LLC | Added | $10.4m282.3k shares |
| D. E. Shaw & Co., Inc. | Added | $8.0m217.9k shares |
| Twin Tree Management, LP | Unchanged | $7.8m212.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $5.7m156.4k shares |
| IMC-Chicago, LLC | Added | $2.3m61.7k shares |
| Cubist Systematic Strategies, LLC | Reduced | $2.2m60.5k shares |
| Walleye Capital LLC | Added | $1.7m47.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $1.7m46.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-01-21 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $1.9m | — |
| Q1 2023 | 3 | $398.2k | 1 | $640.1k | — |
| Q2 2023 | 1 | $191.2k | 1 | $4.5m | — |
| Q3 2023 | 1 | $99.2k | 3 | $13.6m | — |
| Q4 2023 | 5 | $715.6k | 0 | — | — |
| Q1 2024 | 2 | $589.5k | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $1.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-20 | STUEWE RANDALL C Chairman and CEO, director | Sold | $1.5m35.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 15.4m $564.8m | Reduced -241.9k |
| BlackRock Inc. 0.01% of their portfolio | 14.7m $538.9m | Reduced -4.0m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.77% of their portfolio | 6.2m $228.7m | Added +575.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 5.2m $192.4m | Added +1.8m |
| CITADEL ADVISORS LLC 0.19% of their portfolio | 5.2m $189.3m | Added +1.6m |
| STATE STREET CORP 0.01% of their portfolio | 5.1m $186.3m | Reduced -781.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 3.8m $141.3m | Reduced -435.5k |
| EARNEST PARTNERS LLC 0.66% of their portfolio | 3.8m $140.7m | Added +470.2k |
| Gates Capital Management, Inc. 4.17% of their portfolio | 3.8m $138.3m | Added +1.1m |
| Impax Asset Management Group plc 0.50% of their portfolio | 3.4m $123.8m | Reduced -191.1k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 3.3m $123.1m | Reduced -274.7k |
| Davis Selected Advisers 0.61% of their portfolio | 2.8m $104.3m | Reduced -9.3k |
| FMR LLC 0.01% of their portfolio | 2.8m $104.1m | Reduced -210.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $99.4m | Added +30.5k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.3m $86.2m | Added +537.8k |
| MORGAN STANLEY 0.01% of their portfolio | 2.1m $76.7m | Reduced -5.3m |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 2.0m $73.6m | Added +563.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.0m $73.0m | Added +647.2k |
| NORGES BANK 0.01% of their portfolio | 1.9m $70.7m | Reduced -12.2k |
| Channing Capital Management, LLC 1.92% of their portfolio | 1.9m $70.0m | Added +556.0k |
| YACKTMAN ASSET MANAGEMENT LP 0.65% of their portfolio | 1.9m $69.2m | Added +651 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 1.7m $60.9m | Added +254.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.6m $60.5m | Reduced -93.1k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.55% of their portfolio | 1.5m $55.5m | Added +1.3m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $52.8m | Added +224.7k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.17% of their portfolio | 1.4m $50.2m | Added +15.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.16% of their portfolio | 1.4m $49.7m | Added +36.5k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 5.91% of their portfolio | 1.3m $49.0m | Reduced -3.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $46.0m | Reduced -380 |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 1.2m $44.3m | Reduced -85.5k |
| Handelsbanken Fonder AB 0.19% of their portfolio | 1.2m $44.0m | Reduced -155.5k |
| UBS Group AG 0.01% of their portfolio | 1.2m $43.6m | Added +583.5k |
| DNB Asset Management AS 0.21% of their portfolio | 1.2m $43.3m | Added +8.5k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $42.4m | Added +352.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $38.7m | Added +21.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.1m $38.6m | Reduced -512.1k |
| Aristotle Atlantic Partners, LLC 1.20% of their portfolio | 1.0m $37.0m | Added +10.0k |
| BARCLAYS PLC 0.02% of their portfolio | 1.0m $36.9m | Reduced -56.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 885.7k $32.5m | Added +106.5k |
| Triodos Investment Management BV 2.73% of their portfolio | 849.7k $31.2m | Unchanged |
| Erste Asset Management GmbH 0.39% of their portfolio | 816.5k $29.7m | Reduced -15.7k |
| PRIVATE MANAGEMENT GROUP INC 1.13% of their portfolio | 802.5k $29.5m | Added +277.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 791.5k $29.1m | Added +127.0k |
| Legal & General Group Plc 0.01% of their portfolio | 744.4k $27.4m | Added +3.5k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 724.5k $26.6m | Added +43.8k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 716.2k $26.3m | Added +46.5k |
| FIL Ltd 0.02% of their portfolio | 687.0k $25.2m | Reduced -1.1m |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 685.3k $25.2m | Reduced -24.8k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 684.5k $25.2m | Added +509.1k |
| BROWN BROTHERS HARRIMAN & CO 0.18% of their portfolio | 646.1k $23.7m | Added +100.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 583.1k $21.4m | Reduced -281.9k |
| Amundi 0.01% of their portfolio | 582.6k $21.5m | Reduced -520.3k |
| SOROS FUND MANAGEMENT LLC 0.48% of their portfolio | 581.6k $21.4m | Added +139.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.36% of their portfolio | 570.6k $21.0m | Added +362.4k |
| SCOUT INVESTMENTS, INC. 0.53% of their portfolio | 537.5k $19.8m | Added +220.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 536.2k $19.7m | Added +497.0k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 523.4k $19.2m | Added +71.6k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 505.1k $18.6m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 502.8k $18.5m | Added +43.4k |
| Candriam S.C.A. 0.11% of their portfolio | 502.4k $18.5m | Added +36.0k |
| Tredje AP-fonden 0.18% of their portfolio | 501.5k $18.4m | Reduced -16.6k |
| Rheos Capital Works Inc. 0.96% of their portfolio | 500.0k $18.4m | Added +250.0k |
| NFC Investments, LLC 5.01% of their portfolio | 475.0k $17.5m | Added +9.2k |
| Danica Pension, Livsforsikringsaktieselskab 0.35% of their portfolio | 458.8k $16.9m | Added +32.5k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 455.4k $16.7m | Reduced -20.8k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 442.8k $16.3m | Added +4.5k |
| UniSuper Management Pty Ltd 0.13% of their portfolio | 439.2k $16.1m | Reduced -39.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 419.2k $15.4m | New |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 407.2k $15.0m | Added +223.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 404.0k $14.8m | Reduced -23.0k |
| Arnhold LLC 1.53% of their portfolio | 394.7k $14.5m | Reduced -34.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 379.4k $13.9m | Reduced -707.2k |
| CFO4Life Group, LLC 2.50% of their portfolio | 361.8k $13.3m | Reduced -2.2k |
| CIBC WORLD MARKETS CORP 0.08% of their portfolio | 350.0k $12.9m | Added +243.5k |
| ABN AMRO Bank N.V. 0.19% of their portfolio | 336.6k $12.5m | Added +3.8k |
| Retirement Systems of Alabama 0.05% of their portfolio | 325.2k $12.0m | Reduced -3.1k |
| Swiss National Bank 0.01% of their portfolio | 314.6k $11.6m | Reduced -163.1k |
| Leeward Investments, LLC - MA 0.51% of their portfolio | 300.3k $11.0m | Reduced -13.7k |
| ALPS ADVISORS INC 0.08% of their portfolio | 299.3k $11.0m | Added +34.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 293.7k $10.8m | Added +4.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 273.7k $10.1m | Reduced -14.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 270.8k $10.0m | Added +261.5k |
| Bragg Financial Advisors, Inc 0.44% of their portfolio | 269.7k $9.9m | Reduced -190 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 268.6k $9.9m | Added +97.8k |
| Access Investment Management LLC 3.20% of their portfolio | 268.1k $9.9m | Added +231.9k |
| Verition Fund Management LLC 0.07% of their portfolio | 243.3k $8.9m | Added +26.8k |
| Squarepoint Ops LLC 0.03% of their portfolio | 240.2k $8.8m | Added +104.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 236.4k $8.7m | Added +9.2k |
| ING GROEP NV 0.05% of their portfolio | 235.4k $8.7m | Added +7.5k |
| TRILLIUM ASSET MANAGEMENT, LLC 0.22% of their portfolio | 234.3k $8.6m | Reduced -93.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 231.4k $8.5m | Reduced -26.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 227.6k $8.4m | Added +10.7k |
| Advantage Alpha Capital Partners LP 1.66% of their portfolio | 207.2k $7.6m | Added +53.0k |
| Yaupon Capital Management LP 0.67% of their portfolio | 204.8k $7.5m | Added +23.0k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 202.1k $7.4m | First filing |
| J. Goldman & Co LP 0.28% of their portfolio | 202.0k $7.4m | Added +158.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 201.7k $7.4m | Reduced -17.4k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 199.7k $7.3m | Added +51.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 187.2k $6.9m | Reduced -200 |
| NATIXIS 0.04% of their portfolio | 182.9k $6.7m | Added +176.5k |