Koshinski Asset Management Inc. Acquires Shares of 7,576 Darling Ingredients Inc. $DAR

Koshinski Asset Management Inc. acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,576 shares of the company’s stock, valued at approximately $287,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in Darling Ingredients during the 2nd quarter valued at $261,000. Allspring Global Investments Holdings LLC bought a new position in Darling Ingredients during the 2nd quarter valued at $1,793,000. CWM LLC boosted its stake in Darling Ingredients by 33.2% during the 2nd quarter. CWM LLC now owns 13,446 shares of the company’s stock valued at $510,000 after acquiring an additional 3,349 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Darling Ingredients by 58.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,806 shares of the company’s stock valued at $789,000 after acquiring an additional 7,662 shares during the last quarter. Finally, Lmcg Investments LLC bought a new position in Darling Ingredients during the 2nd quarter valued at $205,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Up 0.4%

Darling Ingredients stock opened at $31.82 on Tuesday. 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 1 year low of $26.00 and a 1 year high of $43.49. The firm’s 50-day moving average is $31.95 and its 200-day moving average is $33.02. The company has a market cap of $5.03 billion, a P/E ratio of 48.20, a PEG ratio of 1.81 and a beta of 1.22.

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

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. Robert W. Baird restated a “neutral” rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Finally, Piper Sandler reduced their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.25.

Darling Ingredients Profile

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.