Turtle Creek Wealth Advisors LLC Buys New Stake in Darling Ingredients Inc. $DAR

Turtle Creek Wealth Advisors LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, Holdings Channel reports. The fund bought 6,879 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Darling Ingredients during the second quarter valued at $1,793,000. CWM LLC raised its position in shares of Darling Ingredients by 33.2% in the second quarter. CWM LLC now owns 13,446 shares of the company’s stock worth $510,000 after acquiring an additional 3,349 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Darling Ingredients by 58.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,806 shares of the company’s stock worth $789,000 after acquiring an additional 7,662 shares during the period. Lmcg Investments LLC acquired a new position in shares of Darling Ingredients in the second quarter worth about $205,000. Finally, Triodos Investment Management BV raised its position in shares of Darling Ingredients by 5.4% in the second quarter. Triodos Investment Management BV now owns 932,914 shares of the company’s stock worth $35,395,000 after acquiring an additional 47,500 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DAR shares. Bank of America started coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price objective for the company. Jefferies Financial Group set a $42.00 price objective on shares of Darling Ingredients in a research report on Wednesday, October 8th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average target price of $43.25.

Darling Ingredients Stock Up 0.2%

DAR opened at $31.71 on Friday. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $31.89 and a 200 day moving average price of $33.00. The company has a market cap of $5.02 billion, a PE ratio of 48.05, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22.

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

About Darling Ingredients

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.