9,620 Shares in Darling Ingredients Inc. $DAR Acquired by Encompass More Asset Management

Encompass More Asset Management acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 9,620 shares of the company’s stock, valued at approximately $584,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its holdings in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares during the period. Pension & Wealth Management Advisors Inc. bought a new position in Darling Ingredients in the 3rd quarter valued at $34,000. Cedar Mountain Advisors LLC bought a new position in Darling Ingredients in the 1st quarter valued at $47,000. Northwestern Mutual Wealth Management Co. bought a new position in Darling Ingredients in the 2nd quarter valued at $53,000. Finally, Elevation Wealth Partners LLC grew its position in shares of Darling Ingredients by 2,474.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 901 shares of the company’s stock valued at $55,000 after purchasing an additional 866 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DAR shares. UBS Group upped their price target on shares of Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Barclays lifted their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $73.80.

Darling Ingredients Stock Up 0.7%

DAR stock opened at $61.29 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $63.88 and its 200 day moving average is $61.23. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 16.52 and a beta of 1.04. Darling Ingredients Inc. has a 1-year low of $30.39 and a 1-year high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its earnings results 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. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.08 earnings per share. Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts predict that Darling Ingredients Inc. will post 7.05 EPS for the current fiscal year.

Insider Activity at Darling Ingredients

In other news, EVP Patrick McNutt sold 8,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the sale, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Nicholas Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president directly owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock worth $704,303 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

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.