LPL Financial LLC Grows Holdings in Darling Ingredients Inc. (NYSE:DAR)

LPL Financial LLC raised its position in Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,905 shares of the company’s stock after purchasing an additional 1,491 shares during the period. LPL Financial LLC’s holdings in Darling Ingredients were worth $1,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAR. WFA of San Diego LLC purchased a new position in shares of Darling Ingredients during the 4th quarter worth about $31,000. Standard Family Office LLC purchased a new position in Darling Ingredients in the third quarter valued at approximately $53,000. Robeco Institutional Asset Management B.V. purchased a new position in Darling Ingredients in the third quarter valued at approximately $70,000. C M Bidwell & Associates Ltd. purchased a new position in Darling Ingredients in the third quarter valued at approximately $73,000. Finally, Spire Wealth Management raised its holdings in Darling Ingredients by 37.2% in the third quarter. Spire Wealth Management now owns 1,214 shares of the company’s stock valued at $80,000 after buying an additional 329 shares during the period. 90.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Patrick Mcnutt bought 900 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the purchase, the executive vice president now owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Patrick Mcnutt bought 900 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $54.07 per share, for a total transaction of $48,663.00. Following the completion of the purchase, the executive vice president now owns 12,287 shares of the company’s stock, valued at approximately $664,358.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry Barden bought 3,000 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was bought at an average price of $63.74 per share, for a total transaction of $191,220.00. Following the completion of the purchase, the director now directly owns 16,726 shares of the company’s stock, valued at approximately $1,066,115.24. The disclosure for this purchase can be found here. Insiders acquired a total of 4,400 shares of company stock valued at $266,958 over the last 90 days. 2.51% of the stock is owned by company insiders.

Darling Ingredients Stock Up 1.9 %

DAR stock opened at $65.87 on Wednesday. Darling Ingredients Inc. has a twelve month low of $51.77 and a twelve month high of $87.59. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $10.51 billion, a P/E ratio of 14.64 and a beta of 1.23. The firm has a 50 day simple moving average of $58.46 and a 200-day simple moving average of $63.24.

Darling Ingredients (NYSE:DAR – Get Rating) last released its quarterly earnings data on Monday, February 27th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.20). The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.80 billion. Darling Ingredients had a return on equity of 19.99% and a net margin of 10.57%. On average, equities research analysts predict that Darling Ingredients Inc. will post 5.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DAR. JPMorgan Chase & Co. cut their price target on shares of Darling Ingredients from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, April 11th. Robert W. Baird cut their price target on shares of Darling Ingredients from $108.00 to $106.00 and set an “outperform” rating on the stock in a report on Thursday, April 13th. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. BMO Capital Markets increased their price objective on shares of Darling Ingredients from $80.00 to $85.00 in a research report on Thursday, May 11th. Finally, Raymond James lowered their price objective on shares of Darling Ingredients from $100.00 to $95.00 and set a “strong-buy” rating for the company in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $90.08.

Darling Ingredients Company Profile

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.