13,161 Shares of Darling Ingredients Inc. $DAR Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,161 shares of the company’s stock, valued at approximately $799,000.

A number of other institutional investors have also modified their holdings of DAR. Financial Management Professionals Inc. bought a new position in shares of Darling Ingredients during the third quarter worth about $26,000. McCarley & Cook Financial Planners bought a new stake in Darling Ingredients in the third quarter valued at about $30,000. Pension & Wealth Management Advisors Inc. bought a new stake in Darling Ingredients in the third quarter valued at about $34,000. Cedar Mountain Advisors LLC acquired a new stake in Darling Ingredients during the first quarter valued at approximately $47,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Darling Ingredients during the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Buying and Selling

In related news, CAO Joseph Manzi sold 1,000 shares of the business’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 transaction of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick McNutt sold 8,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares of the company’s stock, valued at approximately $2,400,278.93. The trade was a 18.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 10,591 shares of company stock valued at $704,303. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings raised Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 12th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. UBS Group upped their price target on Darling Ingredients from $78.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Wall Street Zen cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group upgraded Darling Ingredients to a “strong-buy” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.80.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $55.69 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $62.11 and its two-hundred day moving average price is $58.20. Darling Ingredients Inc. has a 52-week low of $31.48 and a 52-week high of $69.98. The stock has a market capitalization of $8.79 billion, a P/E ratio of 10.59 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. During the same period last year, the company posted $0.12 earnings per share. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 6.88 earnings per share for the current year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.