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

Sanctuary Advisors LLC boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,542 shares of the company’s stock after buying an additional 707 shares during the period. Sanctuary Advisors LLC’s holdings in Darling Ingredients were worth $570,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Darling Ingredients in the fourth quarter valued at about $25,000. Blue Trust Inc. raised its position in Darling Ingredients by 38.0% in 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. Wilmington Savings Fund Society FSB raised its position in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients during the third quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DAR. Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

Darling Ingredients Stock Down 2.2 %

NYSE:DAR opened at $36.06 on Friday. The firm has a market capitalization of $5.73 billion, a PE ratio of 20.84 and a beta of 1.21. The stock has a 50 day moving average of $36.56 and a 200-day moving average of $37.67. Darling Ingredients Inc. has a 52 week low of $32.55 and a 52 week high of $48.39. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current 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.