Sanctuary Advisors LLC Boosts Stake in Darling Ingredients Inc. (NYSE:DAR)

Sanctuary Advisors LLC raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 70.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,835 shares of the company’s stock after buying an additional 6,151 shares during the period. Sanctuary Advisors LLC’s holdings in Darling Ingredients were worth $595,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the last quarter. Signaturefd LLC lifted its position in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Darling Ingredients in the third quarter worth about $58,000. Finally, Farther Finance Advisors LLC increased its stake in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DAR. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. raised their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Trading Up 1.0 %

DAR opened at $33.70 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 20.80 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $51.12. The stock has a fifty day moving average price of $38.51 and a 200-day moving average price of $37.74.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Darling Ingredients Company Profile

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.