13,161 Shares of Darling Ingredients Inc. $DAR Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,161 shares of the company’s stock, valued at approximately $799,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC grew its position in Darling Ingredients by 2.6% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after purchasing an additional 196 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of Darling Ingredients by 3.3% in the third quarter. Krilogy Financial LLC now owns 6,661 shares of the company’s stock valued at $407,000 after purchasing an additional 213 shares during the period. HB Wealth Management LLC raised its holdings in shares of Darling Ingredients by 3.3% during the second quarter. HB Wealth Management LLC now owns 8,487 shares of the company’s stock valued at $464,000 after buying an additional 269 shares during the last quarter. Basecamp Wealth Advisors LLC raised its holdings in shares of Darling Ingredients by 35.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after buying an additional 270 shares during the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Darling Ingredients by 5.8% during the second quarter. Waverly Advisors LLC now owns 5,769 shares of the company’s stock valued at $315,000 after buying an additional 317 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Insider Transactions at Darling Ingredients

In other news, CAO Joseph Manzi sold 1,000 shares of the company’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 owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Patrick McNutt sold 8,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president owned 35,777 shares of the company’s stock, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,591 shares of company stock valued at $704,303. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $55.69 on Friday. Darling Ingredients Inc. has a 12 month low of $31.48 and a 12 month high of $69.98. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 10.59 and a beta of 1.04. The stock’s 50 day moving average price is $62.11 and its 200 day moving average price is $58.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last released its earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. During the same quarter last year, the company earned $0.12 earnings per share. Equities research analysts anticipate that Darling Ingredients Inc. will post 6.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the subject of several analyst reports. Weiss Ratings upgraded Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 12th. UBS Group raised their target price on Darling Ingredients from $78.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. TD Cowen lifted their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Barclays increased their price target on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. One investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.80.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.