Fifth Third Wealth Advisors LLC Sells 484 Shares of Darling Ingredients Inc. $DAR

Fifth Third Wealth Advisors LLC decreased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,554 shares of the company’s stock after selling 484 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Darling Ingredients were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DAR. Cary Street Partners Investment Advisory LLC bought a new position in shares of Darling Ingredients during the 1st quarter worth $30,000. Hexagon Capital Partners LLC grew its stake in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after acquiring an additional 500 shares during the period. GAMMA Investing LLC grew its stake in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares during the period. Parallel Advisors LLC grew its stake in shares of Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock worth $82,000 after acquiring an additional 674 shares during the period. Finally, Spire Wealth Management grew its stake in shares of Darling Ingredients by 19.8% during the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock worth $88,000 after acquiring an additional 468 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DAR shares. Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Bank of America started coverage on Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price for the company. Robert W. Baird restated a “neutral” rating and issued a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. JPMorgan Chase & Co. started coverage on Darling Ingredients in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 target price for the company. Finally, Jefferies Financial Group set a $42.00 target price on Darling Ingredients in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average price target of $43.25.

Darling Ingredients Stock Performance

NYSE:DAR opened at $29.88 on Tuesday. The business’s 50-day moving average price is $31.84 and its two-hundred day moving average price is $33.01. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The stock has a market cap of $4.73 billion, a P/E ratio of 45.27, a PEG ratio of 1.61 and a beta of 1.22. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.07% of the company’s stock.

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.