Darling Ingredients Inc. $DAR Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Darling Ingredients by 104.6% in Q4, buying 16,537 shares to own 32,353 shares valued at about $1.216 million.
• CEO Randall C. Stuewe sold 20,000 shares on March 6 at an average $52.12 for roughly $1.042 million, trimming his position by 1.76%; insiders now own 2.62% of the company.
• Several brokerages have raised price targets recently and MarketBeat shows a consensus rating of Moderate Buy with a $60.70 target; DAR has a $10.24 billion market cap and a P/E of 165.48.

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 104.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,353 shares of the company's stock after buying an additional 16,537 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Darling Ingredients were worth $1,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DAR. Public Employees Retirement System of Ohio grew its position in Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company's stock valued at $1,508,000 after acquiring an additional 304 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of Darling Ingredients by 1.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company's stock valued at $731,000 after purchasing an additional 342 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Darling Ingredients by 0.4% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 109,497 shares of the company's stock valued at $3,356,000 after purchasing an additional 449 shares in the last quarter. Fifth Third Bancorp increased its stake in Darling Ingredients by 37.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company's stock worth $51,000 after buying an additional 455 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in Darling Ingredients by 0.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company's stock worth $1,639,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Insider Activity

In related news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.62% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DAR. TD Cowen raised their target price on Darling Ingredients from $45.00 to $58.00 and gave the company a "buy" rating in a research note on Friday, February 13th. UBS Group increased their price target on Darling Ingredients from $58.00 to $78.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $59.00 to $69.00 and gave the stock an "overweight" rating in a report on Tuesday, March 24th. Scotiabank reaffirmed an "outperform" rating and issued a $61.00 target price on shares of Darling Ingredients in a research report on Tuesday, February 17th. Finally, Zacks Research downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus price target of $60.70.

Darling Ingredients Stock Down 0.2%

DAR stock opened at $64.54 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The firm has a fifty day moving average price of $53.04 and a two-hundred day moving average price of $41.14. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $64.69. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 165.48, a PEG ratio of 0.48 and a beta of 1.08.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $1.71 billion for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. Research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

About Darling Ingredients

Darling Ingredients Inc NYSE: DAR is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company's core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

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