Arkadios Wealth Advisors Buys Shares of 14,793 Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Arkadios Wealth Advisors has acquired a new position in Darling Ingredients Inc., purchasing 14,793 shares worth approximately $462,000 in the first quarter.
• Darling Ingredients has a market capitalization of $5.01 billion and reported a net margin of just 1.85%, with a PE ratio of 48.03.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $45.86.

Arkadios Wealth Advisors bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,793 shares of the company's stock, valued at approximately $462,000.

Several other large investors have also made changes to their positions in DAR. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock valued at $148,005,000 after buying an additional 2,627,785 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Darling Ingredients by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after buying an additional 791,157 shares in the last quarter. Gates Capital Management Inc. grew its holdings in Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock valued at $224,660,000 after buying an additional 682,529 shares in the last quarter. FMR LLC grew its holdings in shares of Darling Ingredients by 17.9% during the 4th quarter. FMR LLC now owns 3,919,542 shares of the company's stock worth $132,049,000 after purchasing an additional 595,325 shares during the period. Finally, Atlantic Investment Management Inc. purchased a new position in shares of Darling Ingredients during the 4th quarter worth $19,845,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of DAR stock traded up $0.30 during midday trading on Friday, hitting $30.99. The company had a trading volume of 861,044 shares, compared to its average volume of 2,377,237. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 46.95 and a beta of 1.19. The company's 50 day simple moving average is $35.24 and its 200 day simple moving average is $34.06.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results 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 net margin of 1.85% and a return on equity of 2.37%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup lowered their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Piper Sandler decreased their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Baird R W cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Robert W. Baird reissued a "neutral" rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.86.

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.