Red Door Wealth Management LLC Has $4.30 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Red Door Wealth Management LLC grew its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 17.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,550 shares of the company's stock after purchasing an additional 20,923 shares during the quarter. Red Door Wealth Management LLC owned about 0.09% of Darling Ingredients worth $4,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in Darling Ingredients during the fourth quarter worth about $25,000. UMB Bank n.a. raised its holdings in Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after purchasing an additional 1,373 shares during the period. GAMMA Investing LLC raised its holdings in Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares during the period. Spire Wealth Management boosted its position in shares of Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after purchasing an additional 468 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $109,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Trading Down 0.2%

Shares of Darling Ingredients stock opened at $38.22 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The business's 50 day moving average is $33.66 and its 200-day moving average is $33.87. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The stock has a market cap of $6.04 billion, a P/E ratio of 35.72 and a beta of 1.18.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on DAR shares. TD Cowen dropped their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Robert W. Baird decreased their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Citigroup dropped their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients 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.

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