8,684 Shares in Darling Ingredients Inc. (NYSE:DAR) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,684 shares of the company’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAR. Rise Advisors LLC acquired a new position in shares of Darling Ingredients during the first quarter worth about $25,000. Riverview Trust Co acquired a new stake in Darling Ingredients during the first quarter worth about $55,000. Quarry LP lifted its holdings in shares of Darling Ingredients by 893.8% in the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after purchasing an additional 2,324 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Darling Ingredients in the second quarter valued at $140,000. Finally, Covestor Ltd lifted its position in Darling Ingredients by 21.9% in the 1st quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after purchasing an additional 576 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Robert W. Day purchased 2,532 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now directly owns 12,607 shares in the company, valued at approximately $496,337.59. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Stock Up 3.0 %

Darling Ingredients stock opened at $38.32 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $6.12 billion, a P/E ratio of 11.47 and a beta of 1.24. Darling Ingredients Inc. has a 1-year low of $32.67 and a 1-year high of $51.36. The firm’s fifty day simple moving average is $37.70 and its 200-day simple moving average is $39.22.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s quarterly revenue was down 17.2% on a year-over-year basis. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of analyst reports. TD Cowen reduced their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Scotiabank cut their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Piper Sandler decreased their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Jefferies Financial Group lowered their price target on Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.70.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.