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

Sanctuary Advisors LLC bought 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. The institutional investor bought 11,813 shares of the company’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAR. SJS Investment Consulting Inc. grew its stake in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after purchasing an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after purchasing an additional 220 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after purchasing an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its holdings in shares of Darling Ingredients by 35.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 4.8%

Darling Ingredients stock opened at $64.35 on Friday. The business’s 50-day moving average price is $60.68 and its 200 day moving average price 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. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $0.08 earnings per share. Darling Ingredients’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Insider Activity

In other news, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This represents a 1.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the sale, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock valued at $704,303 in the last quarter. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAR. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. TD Cowen lifted their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Barclays upped their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.