Darling Ingredients Inc. $DAR Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its stake in Darling Ingredients Inc. (NYSE:DAR) by 90.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 21,419 shares of the company’s stock after selling 202,261 shares during the period. Curated Wealth Partners LLC’s holdings in Darling Ingredients were worth $1,300,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Darling Ingredients during the second quarter worth about $851,450,000. Dimensional Fund Advisors LP increased its holdings in Darling Ingredients by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock valued at $498,927,000 after buying an additional 47,565 shares during the last quarter. Deutsche Bank AG acquired a new stake in Darling Ingredients during the second quarter valued at approximately $168,348,000. Assenagon Asset Management S.A. raised its stake in Darling Ingredients by 72.9% during the first quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock valued at $129,388,000 after buying an additional 882,185 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Darling Ingredients during the 2nd quarter worth approximately $129,371,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Darling Ingredients in a report on Thursday. Weiss Ratings raised Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. UBS Group upped their price target on shares of Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Finally, TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $73.80.

Insider Transactions at Darling Ingredients

In other news, EVP Patrick McNutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles L. Adair acquired 1,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the purchase, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. This represents a 1.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Stock Performance

DAR traded down $0.93 during trading hours on Thursday, hitting $61.45. The company’s stock had a trading volume of 761,715 shares, compared to its average volume of 2,585,983. The company has a 50-day simple moving average of $63.83 and a 200 day simple moving average of $61.22. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $9.70 billion, a PE ratio of 16.56 and a beta of 1.04. Darling Ingredients Inc. has a fifty-two week low of $30.39 and a fifty-two week high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 7.05 EPS for the current year.

Darling Ingredients Company Profile

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.