202,261 Darling Ingredients Inc. $DAR Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 90.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,419 shares of the company’s stock after selling 202,261 shares during the period. Curated Wealth Partners LLC’s holdings in Darling Ingredients were worth $1,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SJS Investment Consulting Inc. increased its holdings in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Darling Ingredients in the first quarter valued at about $47,000. Elevation Wealth Partners LLC lifted its stake in shares of Darling Ingredients by 2,474.3% during the third quarter. Elevation Wealth Partners LLC now owns 901 shares of the company’s stock worth $55,000 after purchasing an additional 866 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Darling Ingredients during the second quarter worth about $53,000. Finally, Basecamp Wealth Advisors LLC lifted its stake 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 worth $64,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insiders Place Their Bets

In other Darling Ingredients news, Director Charles Adair purchased 1,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas Kemphaus sold 1,591 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the sale, the executive vice president owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is owned by insiders.

Darling Ingredients Stock Down 1.5%

Darling Ingredients stock traded down $0.93 during midday trading on Thursday, hitting $61.45. 761,715 shares of the stock were exchanged, compared to its average volume of 2,585,983. Darling Ingredients Inc. has a 1 year low of $30.39 and a 1 year high of $69.98. The firm has a market cap of $9.70 billion, a P/E ratio of 16.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The company has a 50 day moving average price of $63.83 and a two-hundred day moving average price of $61.22.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. On average, sell-side analysts predict that Darling Ingredients Inc. will post 7.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DAR shares. Weiss Ratings raised Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays raised their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. TD Cowen upped their price target on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Stephens restated an “overweight” rating and issued a $80.00 price target on shares of Darling Ingredients in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.80.

Darling Ingredients Profile

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.