Sei Investments Co. Purchases 21,961 Shares of Darling Ingredients Inc. $DAR

Sei Investments Co. raised its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 385,791 shares of the company’s stock after purchasing an additional 21,961 shares during the period. Sei Investments Co.’s holdings in Darling Ingredients were worth $23,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Darling Ingredients by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after buying an additional 512,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock valued at $498,927,000 after purchasing an additional 47,565 shares in the last quarter. Davis Selected Advisers grew its position in shares of Darling Ingredients by 15.8% in the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after purchasing an additional 388,366 shares during the period. Geode Capital Management LLC increased its stake in Darling Ingredients by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock worth $102,249,000 after purchasing an additional 76,151 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Darling Ingredients by 3.2% during the 4th quarter. Morgan Stanley now owns 2,649,084 shares of the company’s stock worth $95,367,000 after buying an additional 82,616 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DAR shares. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Sunday, July 5th. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, TD Cowen lifted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.73.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $58.65 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 42.50 and a beta of 1.04. The stock’s fifty day moving average price is $58.41 and its two-hundred day moving average price is $55.67. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $66.02.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.16) earnings per share. On average, equities analysts forecast that Darling Ingredients Inc. will post 5.05 EPS for the current year.

Darling Ingredients Company Profile

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.