Darling Ingredients Inc. $DAR Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR) by 29.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,162 shares of the company’s stock after selling 7,140 shares during the period. Curated Wealth Partners LLC’s holdings in Darling Ingredients were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Darling Ingredients in the 2nd quarter valued at approximately $1,793,000. CWM LLC increased its holdings in shares of Darling Ingredients by 33.2% in the 2nd quarter. CWM LLC now owns 13,446 shares of the company’s stock valued at $510,000 after acquiring an additional 3,349 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Darling Ingredients by 58.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,806 shares of the company’s stock valued at $789,000 after acquiring an additional 7,662 shares during the last quarter. Lmcg Investments LLC bought a new stake in shares of Darling Ingredients in the 2nd quarter valued at approximately $205,000. Finally, Triodos Investment Management BV increased its holdings in shares of Darling Ingredients by 5.4% in the 2nd quarter. Triodos Investment Management BV now owns 932,914 shares of the company’s stock valued at $35,395,000 after acquiring an additional 47,500 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DAR. Bank of America began coverage on Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price target for the company. Piper Sandler lowered their price target on Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, July 28th. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a research note on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Darling Ingredients Price Performance

Shares of DAR opened at $31.66 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The stock has a fifty day moving average price of $31.83 and a 200 day moving average price of $33.01. The company has a market cap of $5.01 billion, a P/E ratio of 47.97, a PEG ratio of 1.60 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the transaction, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.07% of the stock is owned by corporate insiders.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.