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 ($30.2m this quarter). Holder counts are more reliable. Shares outstanding: 159.0m as of 2024-11-01, 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 ≈ $33.68. Options: 26 managers hold calls ($126.1m notional), 17 hold puts ($75.2m).
Trends to Q4 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 |
| Q3 2024 | 473 |
| Q4 2024 | 468 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 271 | 269 |
| Q2 2023 | 257 | 265 |
| Q3 2023 | 251 | 275 |
| Q4 2023 | 258 | 295 |
| Q1 2024 | 255 | 266 |
| Q2 2024 | 225 | 286 |
| Q3 2024 | 241 | 221 |
| Q4 2024 | 192 | 259 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $122.0m | $92.6m | 0.76 |
| Q2 2024 | $81.6m | $75.8m | 0.93 |
| Q3 2024 | $136.7m | $105.5m | 0.77 |
| Q4 2024 | $126.1m | $75.2m | 0.60 |
Biggest buyers
| UBS Group AG | Added | +5.1m |
| CITADEL ADVISORS LLC | Added | +2.9m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +2.6m |
| Assenagon Asset Management S.A. | Added | +1.3m |
| DIMENSIONAL FUND ADVISORS LP | Added | +791.2k |
| FRANKLIN RESOURCES INC | Added | +708.0k |
| Gates Capital Management, Inc. | Added | +682.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +667.9k |
| FMR LLC | Added | +595.3k |
| ATLANTIC INVESTMENT MANAGEMENT, INC. | New | +589.0k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.2m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -900.8k |
| MORGAN STANLEY | Reduced | -825.7k |
| ING GROEP NV | Reduced | -638.5k |
| JENNISON ASSOCIATES LLC | Reduced | -575.6k |
| Davis Selected Advisers | Reduced | -453.3k |
| MARSHALL WACE, LLP | Reduced | -429.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -425.5k |
| Impax Asset Management Group plc | Reduced | -376.5k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $49.0m1.5m shares |
| SOROS FUND MANAGEMENT LLC | New | $16.8m500.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.5m429.1k shares |
| Yaupon Capital Management LP | New | $12.0m355.7k shares |
| WOLVERINE TRADING, LLC | Added | $3.9m119.2k shares |
| SIMPLEX TRADING, LLC | Added | $3.6m107.8k shares |
| JANE STREET GROUP, LLC | Added | $3.0m89.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.0m88.1k shares |
| Brooklands Fund Management Ltd | First filing | $2.8m84.5k shares |
| IMC-Chicago, LLC | Reduced | $2.7m81.6k shares |
Biggest puts
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $40.4m12.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.3m335.9k shares |
| CITADEL ADVISORS LLC | Reduced | $5.2m153.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.3m126.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.6m77.3k shares |
| Squarepoint Ops LLC | Added | $2.0m60.5k shares |
| IMC-Chicago, LLC | Reduced | $2.0m58.4k shares |
| JANE STREET GROUP, LLC | Added | $1.7m50.2k shares |
| WOLVERINE TRADING, LLC | Unchanged | $1.4m42.2k shares |
| Cubist Systematic Strategies, LLC | Reduced | $1.4m40.3k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2024 | 2 | $151.5k | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $1.0m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-11-19 | STUEWE RANDALL C Chairman and CEO, director | Sold | $1.0m24.7k shares |
| 2024-11-18 | STUEWE RANDALL C Chairman and CEO, director | Sold | $12.5k290 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 15.6m $524.5m | Added +203.9k |
| BlackRock, Inc. 0.01% of their portfolio | 15.0m $504.6m | Added +3.6k |
| Gates Capital Management, Inc. 6.61% of their portfolio | 6.7m $224.7m | Added +682.5k |
| UBS Group AG 0.05% of their portfolio | 6.5m $219.0m | Added +5.1m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 6.5m $217.4m | Added +791.2k |
| CITADEL ADVISORS LLC 0.20% of their portfolio | 6.3m $212.5m | Added +2.9m |
| STATE STREET CORP 0.01% of their portfolio | 5.5m $185.4m | Added +144.6k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.50% of their portfolio | 4.4m $148.0m | Added +2.6m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.47% of their portfolio | 4.3m $144.0m | Reduced -900.8k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 4.2m $142.3m | Reduced -1.1k |
| EARNEST PARTNERS LLC 0.61% of their portfolio | 4.0m $136.3m | Reduced -8.0k |
| FMR LLC 0.01% of their portfolio | 3.9m $132.0m | Added +595.3k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 3.3m $111.7m | Reduced -271.4k |
| Impax Asset Management Group plc 0.45% of their portfolio | 3.0m $100.2m | Reduced -376.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $92.0m | Reduced -8.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.6m $86.9m | Reduced -425.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio | 2.4m $80.0m | Added +390.0k |
| Davis Selected Advisers 0.47% of their portfolio | 2.4m $80.1m | Reduced -453.3k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.72% of their portfolio | 2.3m $76.0m | Added +178.4k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 2.2m $74.6m | Added +667.9k |
| NORGES BANK 0.01% of their portfolio | 1.9m $64.0m | Added +2.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.9m $63.8m | Added +70.5k |
| Assenagon Asset Management S.A. 0.11% of their portfolio | 1.8m $62.1m | Added +1.3m |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $54.0m | Reduced -825.7k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 6.58% of their portfolio | 1.6m $52.8m | Added +79.6k |
| YACKTMAN ASSET MANAGEMENT LP 0.61% of their portfolio | 1.6m $52.3m | Reduced -52.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 1.5m $49.8m | Reduced -91.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $47.2m | Added +190.9k |
| BARCLAYS PLC 0.02% of their portfolio | 1.4m $46.6m | Added +49.5k |
| Paloma Partners Management Co 2.90% of their portfolio | 1.3m $43.9m | Added +427.3k |
| Pictet Asset Management Holding SA 0.05% of their portfolio | 1.3m $43.6m | Reduced -97.5k |
| BROWN BROTHERS HARRIMAN & CO 0.30% of their portfolio | 1.3m $43.1m | Added +291.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.13% of their portfolio | 1.3m $43.1m | Reduced -52.5k |
| DNB Asset Management AS 0.18% of their portfolio | 1.3m $42.3m | Added +25.0k |
| Aristotle Atlantic Partners, LLC 1.25% of their portfolio | 1.2m $39.8m | Reduced -64.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $37.0m | Added +19.3k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 997.4k $33.6m | Reduced -299.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 973.6k $32.8m | Added +708.0k |
| Handelsbanken Fonder AB 0.12% of their portfolio | 964.6k $32.5m | Reduced -239.4k |
| FIL Ltd 0.03% of their portfolio | 881.4k $29.7m | Reduced -89.1k |
| PRIVATE MANAGEMENT GROUP INC 1.04% of their portfolio | 856.8k $28.9m | Added +44.4k |
| Triodos Investment Management BV 2.32% of their portfolio | 852.7k $28.7m | Added +500 |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 825.5k $27.8m | Added +24.5k |
| Erste Asset Management GmbH 0.33% of their portfolio | 804.2k $26.9m | Reduced -12.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.37% of their portfolio | 649.5k $21.9m | Added +41.6k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 611.3k $20.6m | Added +115.9k |
| Invesco Ltd. 0.00% of their portfolio | 596.3k $20.1m | Reduced -144.9k |
| Amundi 0.01% of their portfolio | 596.2k $20.1m | Added +18.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 595.3k $19.8m | Added +335.8k |
| ATLANTIC INVESTMENT MANAGEMENT, INC. 9.59% of their portfolio | 589.0k $19.8m | New |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 582.8k $19.6m | Reduced -31.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 578.9k $19.5m | Added +526.4k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 571.7k $19.3m | Reduced -35.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 550.6k $18.6m | Reduced -2.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 541.9k $18.3m | Reduced -199 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 529.6k $17.8m | Reduced -9.2k |
| Thomist Capital Management, LP 5.54% of their portfolio | 520.4k $17.2m | Added +491.1k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 517.9k $17.4m | Reduced -575.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 517.8k $17.4m | Reduced -43.6k |
| Raiffeisen Bank International AG 0.26% of their portfolio | 513.3k $16.9m | First filing |
| Rheos Capital Works Inc. 0.93% of their portfolio | 500.0k $16.8m | Unchanged |
| Tredje AP-fonden 0.15% of their portfolio | 490.7k $16.5m | Reduced -10.8k |
| Perpetual Ltd 0.19% of their portfolio | 477.2k $16.1m | Added +456.5k |
| NFC Investments, LLC 4.43% of their portfolio | 476.0k $16.0m | Reduced -3.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 447.0k $15.1m | Reduced -2.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 420.9k $14.2m | Reduced -47.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 408.7k $13.8m | First filing |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 404.6k $13.6m | Reduced -10.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 402.0k $13.5m | Reduced -209.3k |
| UniSuper Management Pty Ltd 0.09% of their portfolio | 389.9k $13.1m | Reduced -49.3k |
| Bridgewater Associates, LP 0.06% of their portfolio | 372.4k $12.5m | New |
| SEI INVESTMENTS CO 0.02% of their portfolio | 369.3k $12.4m | Reduced -8.4k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 366.3k $12.3m | Reduced -429.9k |
| Arnhold LLC 1.20% of their portfolio | 359.9k $12.1m | Reduced -34.6k |
| Mesirow Institutional Investment Management, Inc. 0.91% of their portfolio | 351.6k $11.8m | Added +679 |
| ABN AMRO Bank N.V. 0.15% of their portfolio | 336.8k $11.2m | Reduced -5.7k |
| FIRETRAIL INVESTMENTS PTY LTD 3.38% of their portfolio | 333.3k $11.3m | Added +40.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 325.8k $11.0m | Added +243.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 320.9k $10.8m | Reduced -1.2m |
| Bragg Financial Advisors, Inc 0.44% of their portfolio | 320.1k $10.8m | Added +49.8k |
| Swiss National Bank 0.01% of their portfolio | 312.8k $10.5m | Added +1.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 296.9k $10.0m | Added +3.8k |
| Covalis Capital LLP 1.46% of their portfolio | 295.7k $10.0m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 290.1k $9.8m | Reduced -150.6k |
| Lightrock Netherlands B.V. 2.92% of their portfolio | 245.8k $8.3m | First filing |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 245.5k $8.3m | Added +101.7k |
| Legal & General Group Plc 0.00% of their portfolio | 245.2k $8.3m | Reduced -2.4k |
| Cerity Partners LLC 0.02% of their portfolio | 242.5k $9.0m | Reduced -111.7k |
| CFO4Life Group, LLC 1.40% of their portfolio | 237.0k $8.0m | Reduced -7.0k |
| Harber Asset Management LLC 2.36% of their portfolio | 234.2k $7.9m | New |
| Leeward Investments, LLC - MA 0.39% of their portfolio | 230.6k $7.8m | Reduced -7.9k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 229.4k $7.7m | Reduced -49.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 217.2k $7.3m | Reduced -11.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.12% of their portfolio | 211.0k $7.1m | First filing |
| Retirement Systems of Alabama 0.02% of their portfolio | 193.4k $6.5m | Added +212 |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 187.9k $6.3m | Added +2.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 184.6k $6.2m | Reduced -8.1k |
| SOROS FUND MANAGEMENT LLC 0.11% of their portfolio | 182.9k $6.2m | Reduced -204.5k |
| Corebridge Financial, Inc. 0.03% of their portfolio | 180.0k $6.1m | Reduced -8.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 176.1k $5.9m | Reduced -3.1k |