Davis Selected Advisers Decreases Position in Darling Ingredients Inc. (NYSE:DAR)

Davis Selected Advisers cut its holdings in shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,129,927 shares of the company’s stock after selling 53,478 shares during the quarter. Darling Ingredients comprises approximately 1.3% of Davis Selected Advisers’ portfolio, making the stock its 22nd biggest holding. Davis Selected Advisers owned approximately 1.95% of Darling Ingredients worth $195,902,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. WFA of San Diego LLC acquired a new stake in Darling Ingredients during the fourth quarter worth about $31,000. Belpointe Asset Management LLC bought a new position in Darling Ingredients during the 4th quarter worth approximately $39,000. Standard Family Office LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $53,000. Assetmark Inc. lifted its holdings in shares of Darling Ingredients by 21.5% in the 4th quarter. Assetmark Inc. now owns 1,109 shares of the company’s stock worth $69,000 after purchasing an additional 196 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Darling Ingredients in the 3rd quarter worth approximately $70,000. 90.90% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 0.5 %

Shares of NYSE DAR traded down $0.35 during mid-day trading on Friday, hitting $64.01. The company had a trading volume of 406,883 shares, compared to its average volume of 1,338,649. Darling Ingredients Inc. has a one year low of $51.77 and a one year high of $87.59. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $10.21 billion, a PE ratio of 14.30 and a beta of 1.23. The firm has a 50-day simple moving average of $58.87 and a two-hundred day simple moving average of $63.26.

Darling Ingredients (NYSE:DAR – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.20). Darling Ingredients had a return on equity of 19.99% and a net margin of 10.57%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts expect that Darling Ingredients Inc. will post 5.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DAR shares. StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. UBS Group upped their price target on Darling Ingredients from $82.00 to $85.00 in a research note on Monday, May 15th. Stifel Nicolaus decreased their price target on Darling Ingredients from $121.00 to $120.00 in a research report on Friday, May 19th. Stephens reissued an “equal weight” rating and issued a $75.00 price target on shares of Darling Ingredients in a research note on Tuesday, February 28th. Finally, Jefferies Financial Group dropped their price objective on Darling Ingredients from $95.00 to $85.00 in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $90.08.

Insider Activity

In other Darling Ingredients news, CEO Randall C. Stuewe sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $65.00, for a total transaction of $4,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 740,363 shares in the company, valued at $48,123,595. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Randall C. Stuewe sold 70,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $65.00, for a total value of $4,550,000.00. Following the sale, the chief executive officer now owns 740,363 shares of the company’s stock, valued at $48,123,595. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Larry Barden acquired 3,000 shares of Darling Ingredients stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $63.74 per share, for a total transaction of $191,220.00. Following the purchase, the director now owns 16,726 shares of the company’s stock, valued at $1,066,115.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,400 shares of company stock worth $266,958. Corporate insiders own 2.62% of the company’s stock.

Darling Ingredients Company Profile

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.