Kestra Private Wealth Services LLC Makes New $718,000 Investment in Darling Ingredients Inc. $DAR

Kestra Private Wealth Services LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, Holdings Channel reports. The fund acquired 11,833 shares of the company’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. Financial Management Professionals Inc. acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at about $26,000. McCarley & Cook Financial Planners purchased a new position in Darling Ingredients during the 3rd quarter worth approximately $30,000. Pension & Wealth Management Advisors Inc. acquired a new position in Darling Ingredients during the third quarter worth approximately $34,000. Cedar Mountain Advisors LLC acquired a new position in Darling Ingredients during the first quarter worth approximately $47,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Darling Ingredients in the second quarter valued at approximately $53,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DAR shares. Jefferies Financial Group raised Darling Ingredients to a “strong-buy” rating in a report on Tuesday, September 29th. Barclays lifted their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 12th. Stephens reiterated an “overweight” rating and issued a $80.00 price target on shares of Darling Ingredients in a research report on Thursday, October 15th. Finally, TD Cowen increased their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.80.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $50.22 on Friday. The stock has a market capitalization of $7.92 billion, a PE ratio of 9.55 and a beta of 1.00. Darling Ingredients Inc. has a 52-week low of $31.65 and a 52-week high of $69.98. The stock’s 50-day moving average price is $61.04 and its 200 day moving average price is $58.50. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 6.85 EPS for the current year.

Insider Activity

In other news, EVP Nicholas Kemphaus sold 1,591 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the sale, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 10,591 shares of company stock valued at $704,303. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients.

The company’s businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.