Darling Ingredients (DAR)
Transforms animal and food-industry residuals into feed, food, and renewable-fuel ingredients.
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Collects animal-agriculture and food-industry residuals, transforms them into feed proteins and fats, collagen and gelatin, and renewable-fuel inputs, and sells them through Feed, Food, and Fuel Ingredients. A global processing network links Rousselot with the Diamond Green Diesel joint venture.
Collects animal-agriculture and food-industry residuals, then processes them through Feed Ingredients, Food Ingredients, and Fuel Ingredients. Outputs include proteins and fats for animal feed, gelatin and collagen for human nutrition, and feedstocks or finished renewable fuels.
An acquisition-built network spans North America, Europe, South America, and other markets, linking collection routes with processing plants and specialty technologies. Rousselot anchors collagen and gelatin, while the Diamond Green Diesel joint venture with Valero converts fats and used cooking oil into renewable diesel and sustainable aviation fuel.
Results depend on feedstock availability and pricing, animal-fat and used-cooking-oil markets, plant operations, and renewable-fuel standards, mandates, and tax credits. The proposed combination of Rousselot with PB Leiner remains subject to regulatory approval.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | UBS | Reiterate | Rating: —Target: $50 | Target: $88 |
| Aug 3, 2026 | Barclays | Target | Target: $62 | Target: $65 |
| Jul 2, 2026 | Barclays | Target | Target: $58 | Target: $62 |
| Jun 22, 2026 | Barclays | Initiate | Rating: —Target: — | Target: $58 |
| May 4, 2026 | Jefferies | Target | Target: $73 | Target: $75 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 4, 2026Cash & short-term investments $160.7M · Total debt $4.17B · Total assets $10.98B · Shareholders' equity $5.25B
- Revenue
- $1.72B
- Operating income
- $657.1M
- Net income
- $387.3M
No dividends on record.
| Institutions | ≈ 100.57% | 159.83M shares | |
|---|---|---|---|
| 645 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.73% | 1.16M shares | |
| 24 holders · as of Aug 18, 2026 | |||
| Adds to | 101.30% | ||
158.93M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.30%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.81% | 15.59M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.26% | 8.35M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.17% | 8.22M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.52% | 7.19M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.59% | 5.70M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | Randall C. Stuewe | director, officer: Chairman and CEO | −5,000 | $68.20 |
| Aug 17, 2026 | Sandra Dudley | officer: EVP Chief Strategy Officer | −6,474 | $67.87 |
| Aug 18, 2026 | Joseph Manzi | officer: Chief Accounting Officer | −1,000 | $67.27 |
| Aug 14, 2026 | Patrick McNutt | officer: EVP Chief Admin Officer | −8,000 | $67.09 |
| Aug 13, 2026 | Randall C. Stuewe | director, officer: Chairman and CEO | −5,000 | $64.79 |
- JBS
Integrated by-product rival spanning feed, collagen and biodiesel
- Tyson Foods
Rendering and animal-fat rival across feed and renewable-fuel inputs
- Phillips 66
Renewable-fuels rival using the same waste fats and used cooking oil
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Darling Ingredients | $62.87 | −0.62% | $10.05B | 17.0 | 9.9 | 1.5 | +16.4% |
| JBS | $11.90 | −1.07% | $26.68B | 9.9 | 14.4 | 0.4 | +9.1% |
| Tyson Foods | $52.20 | +0.34% | $18.44B | 31.9 | 13.6 | 0.3 | −0.1% |
| Phillips 66 | $260.14 | −0.62% | $104.94B | 14.9 | 8.3 | 0.7 | +55.9% |
| Median | 14.9 | 13.6 | 0.4 | +9.1% |





