Wealth Enhancement Advisory Services LLC Has $252,000 Holdings in Darling Ingredients Inc. (NYSE:DAR)

Wealth Enhancement Advisory Services LLC grew its position in Darling Ingredients Inc. (NYSE:DAR) by 16.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,778 shares of the company’s stock after purchasing an additional 952 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Darling Ingredients were worth $252,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the period. Signaturefd LLC grew its stake in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. increased its holdings in Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the period. Quarry LP boosted its stake in Darling Ingredients by 893.8% in the second quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after buying an additional 2,324 shares in the last quarter. Finally, Covestor Ltd grew its position in Darling Ingredients by 21.9% in the first quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after acquiring an additional 576 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DAR shares. TD Cowen decreased their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Jefferies Financial Group boosted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Stock Up 5.0 %

Shares of NYSE:DAR opened at $42.73 on Tuesday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 26.38 and a beta of 1.23. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36. The business’s 50-day moving average is $37.49 and its 200-day moving average is $38.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.91.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (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 analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

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.