Gibbs Wealth Management Acquires New Position in Darling Ingredients Inc. $DAR

Gibbs Wealth Management acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,745 shares of the company’s stock, valued at approximately $726,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. SJS Investment Consulting Inc. lifted its holdings in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the period. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after buying an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Darling Ingredients by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after acquiring an additional 220 shares during the period. Coldstream Capital Management Inc. grew its holdings in Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after acquiring an additional 267 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

DAR has been the subject of a number of recent analyst reports. Robert W. Baird raised their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Wall Street Zen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. JPMorgan Chase & Co. increased their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Barclays raised their price objective on shares of Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Finally, Scotiabank boosted their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.82.

Insiders Place Their Bets

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Down 1.5%

Darling Ingredients stock opened at $62.42 on Friday. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $66.02. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 45.23 and a beta of 1.04. The stock’s fifty day moving average is $58.47 and its two-hundred day moving average is $55.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted ($0.16) EPS. The business’s revenue was up 12.3% on a year-over-year basis. Analysts predict that Darling Ingredients Inc. will post 5.04 EPS for the current fiscal year.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.