Darling Ingredients Inc. $DAR Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its stake in Darling Ingredients Inc. (NYSE:DAR) by 42.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,407 shares of the company’s stock after selling 9,293 shares during the period. Sanctuary Advisors LLC’s holdings in Darling Ingredients were worth $767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Darling Ingredients by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after buying an additional 512,219 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Darling Ingredients by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock valued at $288,704,000 after acquiring an additional 242,857 shares during the period. Davis Selected Advisers grew its position in shares of Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after acquiring an additional 388,366 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Darling Ingredients by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock worth $102,249,000 after acquiring an additional 76,151 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Darling Ingredients by 3.2% in the 4th quarter. Morgan Stanley now owns 2,649,084 shares of the company’s stock worth $95,367,000 after acquiring an additional 82,616 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Darling Ingredients Trading Down 0.1%

Darling Ingredients stock opened at $62.42 on Monday. The firm has a 50 day simple moving average of $58.47 and a 200-day simple moving average of $55.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The stock has a market capitalization of $9.92 billion, a PE ratio of 45.23 and a beta of 1.04. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company earned ($0.16) earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts expect that Darling Ingredients Inc. will post 5.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Robert W. Baird raised their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. TD Cowen cut their price target on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $67.82.

Darling Ingredients Company 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.