Alps Advisors Inc. Makes New $4.93 Million Investment in Darling Ingredients Inc. $DAR

Key Points

• Alps Advisors initiated a $4.93 million position in Darling Ingredients, buying 81,184 shares—about 0.05% of the company. Institutional investors collectively owned 94.44% of its stock.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $73.80; recent targets ranged up to $88.
• Darling reported quarterly EPS of $1.67, slightly below the $1.70 consensus, while revenue of $1.79 billion matched expectations. The company’s net margin was 12.48%.

Alps Advisors Inc. purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 81,184 shares of the company's stock, valued at approximately $4,929,000. Alps Advisors Inc. owned approximately 0.05% of Darling Ingredients as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Heritage Family Offices LLP bought a new stake in Darling Ingredients in the 3rd quarter worth approximately $57,000. Kestra Advisory Services LLC lifted its holdings in shares of Darling Ingredients by 4.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,960 shares of the company's stock worth $301,000 after acquiring an additional 190 shares during the last quarter. Quadcap Wealth Management LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $476,000. Inscription Capital LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter valued at $418,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Darling Ingredients by 2,529.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 100,643 shares of the company's stock valued at $6,110,000 after purchasing an additional 96,816 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DAR. Stephens reiterated an "overweight" rating and issued a $80.00 target price on shares of Darling Ingredients in a research report on Thursday, October 15th. Weiss Ratings upgraded shares of Darling Ingredients from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, October 12th. Zacks Research lowered shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $82.00 to $83.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Finally, UBS Group lifted their price objective on Darling Ingredients from $78.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, September 22nd. One equities research 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 stock. According to MarketBeat, Darling Ingredients presently has an average rating of "Moderate Buy" and an average target price of $73.80.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $50.22 on Monday. 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 cap of $7.92 billion, a P/E ratio of 9.55 and a beta of 1.00. Darling Ingredients Inc. has a 1-year low of $31.65 and a 1-year high of $69.98. The firm has a 50-day moving average of $61.04 and a 200-day moving average of $58.50.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.79 billion. Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. During the same quarter in the prior year, the firm earned $0.12 EPS. Sell-side analysts expect that Darling Ingredients Inc. will post 6.85 EPS for the current year.

Insider Buying and Selling

In related news, EVP Patrick McNutt sold 8,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the sale, the chief accounting officer directly owned 18,969 shares of the company's stock, valued at $1,276,044.63. The trade was a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by company insiders.

Darling Ingredients Company Profile

Darling Ingredients Inc collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients.

The company's businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.

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