Wealth Enhancement Advisory Services LLC Has $299,000 Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Wealth Enhancement Advisory Services LLC boosted its stake in Darling Ingredients Inc. (NYSE:DAR) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,035 shares of the company’s stock after acquiring an additional 1,257 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Darling Ingredients were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the period. Paloma Partners Management Co boosted its position in Darling Ingredients by 2,140.4% during the third quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after acquiring an additional 838,047 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Darling Ingredients during the 3rd quarter worth about $30,545,000. ING Groep NV raised its position in shares of Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after acquiring an additional 574,700 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after purchasing an additional 491,477 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

NYSE DAR opened at $36.70 on Friday. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39. The company has a fifty day moving average price of $37.02 and a 200-day moving average price of $37.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 22.66 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities research analysts predict that Darling Ingredients Inc. will post 1.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DAR. Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

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.