9,409 Shares in Darling Ingredients Inc. $DAR Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, Holdings Channel reports. The fund bought 9,409 shares of the company’s stock, valued at approximately $339,000.

A number of other hedge funds have also modified their holdings of DAR. Danske Bank A S acquired a new position in shares of Darling Ingredients in the 3rd quarter worth $25,000. Abich Financial Wealth Management LLC acquired a new position in shares of Darling Ingredients in the 3rd quarter worth $37,000. EverSource Wealth Advisors LLC grew its holdings in shares of Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of Darling Ingredients by 138.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,511 shares of the company’s stock valued at $47,000 after buying an additional 877 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Darling Ingredients during the third quarter valued at $48,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, the chief accounting officer directly 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 disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAR. BMO Capital Markets lifted their price target on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Weiss Ratings upgraded Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Piper Sandler lifted their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $69.00.

Darling Ingredients Price Performance

DAR opened at $62.19 on Tuesday. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 45.06 and a beta of 1.07. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $59.99 and a 200 day moving average price of $47.27.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.16) earnings per share. Analysts forecast that Darling Ingredients Inc. will post 4.68 EPS for the current fiscal year.

About Darling Ingredients

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.