Sanctuary Advisors LLC Reduces Position in Darling Ingredients Inc. $DAR

Sanctuary Advisors LLC decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 42.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,407 shares of the company’s stock after selling 9,293 shares during the quarter. Sanctuary Advisors LLC’s holdings in Darling Ingredients were worth $767,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Emerald Advisers LLC purchased a new stake in Darling Ingredients during the 1st quarter worth approximately $260,000. State of Michigan Retirement System boosted its stake in shares of Darling Ingredients by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 38,074 shares of the company’s stock valued at $2,355,000 after buying an additional 700 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Darling Ingredients during the 1st quarter valued at approximately $582,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Darling Ingredients during the first quarter worth approximately $313,000. Finally, Fifth Third Bancorp increased its stake in shares of Darling Ingredients by 8,295.0% in the first quarter. Fifth Third Bancorp now owns 129,870 shares of the company’s stock worth $8,032,000 after buying an additional 128,323 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DAR. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. TD Cowen decreased their price objective on shares of Darling Ingredients from $76.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. UBS Group boosted their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Sunday, July 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average target price of $67.82.

Insider Activity

In other news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

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

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

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.