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

Davis Selected Advisers trimmed its holdings in Darling Ingredients Inc. (NYSE:DARFree Report) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,109,149 shares of the company’s stock after selling 79,965 shares during the period. Darling Ingredients comprises about 1.0% of Davis Selected Advisers’ investment portfolio, making the stock its 21st biggest position. Davis Selected Advisers owned about 1.95% of Darling Ingredients worth $162,298,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Darling Ingredients in the third quarter worth about $26,000. Millburn Ridgefield Corp purchased a new stake in shares of Darling Ingredients in the third quarter worth about $31,000. Exchange Traded Concepts LLC purchased a new stake in shares of Darling Ingredients in the third quarter worth about $38,000. IFP Advisors Inc lifted its position in shares of Darling Ingredients by 38.9% in the second quarter. IFP Advisors Inc now owns 689 shares of the company’s stock worth $44,000 after buying an additional 193 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter worth about $51,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 0.6 %

Shares of NYSE:DAR opened at $41.85 on Monday. Darling Ingredients Inc. has a 52-week low of $38.97 and a 52-week high of $71.60. The stock has a market cap of $6.68 billion, a P/E ratio of 9.41 and a beta of 1.30. The business’s 50 day moving average is $46.24 and its 200 day moving average is $50.57. The company has a quick ratio of 0.99, a current ratio of 1.78 and a debt-to-equity ratio of 0.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DAR shares. Raymond James decreased their target price on Darling Ingredients from $80.00 to $75.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 9th. Stephens decreased their price objective on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Citigroup initiated coverage on Darling Ingredients in a research report on Thursday, February 1st. They set a “neutral” rating and a $49.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $91.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 19th. Finally, Stifel Nicolaus decreased their price objective on Darling Ingredients from $123.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.90.

Get Our Latest Research Report on Darling Ingredients

Insider Buying and Selling

In other news, CAO Joseph Manzi acquired 1,025 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $43.38 per share, with a total value of $44,464.50. Following the completion of the purchase, the chief accounting officer now directly owns 6,978 shares in the company, valued at $302,705.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Matthew J. Jansen bought 11,113 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $44.80 per share, with a total value of $497,862.40. Following the transaction, the chief operating officer now owns 59,849 shares of the company’s stock, valued at $2,681,235.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Joseph Manzi bought 1,025 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $43.38 per share, for a total transaction of $44,464.50. Following the transaction, the chief accounting officer now directly owns 6,978 shares in the company, valued at approximately $302,705.64. The disclosure for this purchase can be found here. Insiders have bought a total of 14,088 shares of company stock valued at $623,778 over the last quarter. 2.51% of the stock is owned by corporate insiders.

Darling Ingredients Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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