Sanctuary Advisors LLC Makes New Investment in Darling Ingredients Inc. $DAR

Sanctuary Advisors LLC acquired a new stake in Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,813 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DAR. SJS Investment Consulting Inc. raised its stake in shares of 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 buying an additional 174 shares during the period. Allworth Financial LP raised its position in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares during the period. Cedar Mountain Advisors LLC purchased a new position in Darling Ingredients during the first quarter valued at $47,000. Litman Gregory Wealth Management LLC purchased a new position in Darling Ingredients during the fourth quarter valued at $29,000. Finally, Danske Bank A S acquired a new stake in shares of Darling Ingredients in the third quarter valued at about $25,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAR. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. TD Cowen lifted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group boosted their price objective on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Barclays increased 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Trading Up 4.8%

Shares of DAR opened at $64.35 on Friday. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $69.98. The stock has a market cap of $10.15 billion, a PE ratio of 17.35 and a beta of 1.02. The firm’s fifty day moving average is $60.68 and its two-hundred day moving average is $58.81. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The business 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 company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Research analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, Director Charles L. Adair acquired 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the acquisition, the director owned 51,690 shares in the company, valued at approximately $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the transaction, the executive vice president directly owned 35,777 shares in the company, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,591 shares of company stock worth $704,303 in the last quarter. Insiders own 1.90% of the company’s stock.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.