Impact Partnership Wealth LLC Invests $293,000 in Darling Ingredients Inc. $DAR

Impact Partnership Wealth LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,722 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds also recently made changes to their positions in DAR. Hantz Financial Services Inc. increased its holdings in Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after purchasing an additional 561 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Darling Ingredients in the first quarter worth approximately $30,000. Hexagon Capital Partners LLC increased its holdings in Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC increased its holdings in Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Darling Ingredients by 45.0% in the second quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after purchasing an additional 674 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DAR shares. Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. UBS Group reiterated a “buy” rating and issued a $58.00 target price on shares of Darling Ingredients in a report on Friday, October 24th. Jefferies Financial Group lifted their target price on Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Bank of America started coverage on Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Darling Ingredients Trading Down 4.2%

Shares of Darling Ingredients stock opened at $32.07 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The stock has a 50 day moving average price of $32.25 and a two-hundred day moving average price of $33.23. The stock has a market capitalization of $5.07 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $0.11 EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value 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 trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.62% of the company’s stock.

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.