Simplicity Wealth LLC Makes New $678,000 Investment in Darling Ingredients Inc. $DAR

Simplicity Wealth LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,411 shares of the company’s stock, valued at approximately $678,000.

Several other large investors have also made changes to their positions in the business. SJS Investment Consulting Inc. grew its position in shares of Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in Darling Ingredients by 2.6% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after purchasing an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Darling Ingredients by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after purchasing an additional 220 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after purchasing an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC boosted its stake in Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after purchasing an additional 270 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DAR shares. TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Barclays boosted their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank raised their price objective on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Trading Up 0.7%

DAR opened at $67.50 on Tuesday. The stock has a 50-day moving average of $59.11 and a 200 day moving average of $57.77. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $67.95. The firm has a market cap of $10.65 billion, a P/E ratio of 18.19 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. As a group, research analysts forecast that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Insider Activity

In related news, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the transaction, the executive vice president directly owned 35,087 shares of the company’s stock, valued at $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Profile

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.