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

Sequoia Financial Advisors LLC bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,409 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds have also recently added to or reduced their stakes in DAR. Goldman Sachs Group Inc. raised its stake in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after acquiring an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after acquiring an additional 58,925 shares in the last quarter. Focus Partners Wealth bought a new stake in Darling Ingredients during the 1st quarter valued at $205,000. M&T Bank Corp raised its stake in Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after acquiring an additional 847 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after acquiring an additional 32,553 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Down 0.3%

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

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

Analyst Ratings Changes

DAR has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. TD Cowen lifted their target price on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Darling Ingredients currently has an average rating of “Buy” and a consensus price target of $69.00.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by company insiders.

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.