Curated Wealth Partners LLC Takes $819,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Curated Wealth Partners LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,302 shares of the company's stock, valued at approximately $819,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company's stock valued at $31,000 after purchasing an additional 527 shares during the last quarter. Signaturefd LLC raised its holdings in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after buying an additional 386 shares during the period. Blue Trust Inc. lifted its position in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Darling Ingredients during the third quarter worth $58,000. Finally, Farther Finance Advisors LLC increased its position in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after acquiring an additional 758 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Down 0.1 %

Shares of Darling Ingredients stock traded down $0.05 during trading on Friday, hitting $36.01. 1,485,017 shares of the stock traded hands, compared to its average volume of 1,577,735. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock's fifty day simple moving average is $36.37 and its 200 day simple moving average is $37.53. The firm has a market cap of $5.73 billion, a P/E ratio of 22.23 and a beta of 1.21. Darling Ingredients Inc. has a 52-week low of $32.55 and a 52-week high of $48.39.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the business posted $0.77 EPS. The company's revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts predict that Darling Ingredients Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on DAR shares. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Stephens reiterated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday. Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and an average price target of $53.67.

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.