Curated Wealth Partners LLC Purchases New Shares in Darling Ingredients Inc. (NYSE:DAR)

Curated Wealth Partners LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,302 shares of the company’s stock, valued at approximately $819,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients in the third quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC increased its position in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Down 0.1 %

DAR opened at $36.01 on Friday. The stock has a market capitalization of $5.73 billion, a PE ratio of 22.23 and a beta of 1.21. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The business’s 50 day moving average price is $36.37 and its 200 day moving average price is $37.53.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. As a group, equities research analysts expect that Darling Ingredients Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

DAR has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday. Finally, Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.67.

Darling Ingredients Company 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.