Advantage Alpha Capital Partners LP Buys 52,861 Shares of Darling Ingredients Inc. $DAR

Key Points

• Advantage Alpha Capital Partners LP increased its holdings in Darling Ingredients Inc. by 48.3%, owning approximately $5.07 million worth of shares, making it the firm's 28th biggest holding.
• Insider trading was noted, with CEO Randall C. Stuewe selling 35,000 shares for $1,082,200, resulting in a 4.29% decrease in his ownership stake.
• Various analysts have adjusted their ratings on Darling Ingredients, with a consensus rating of "Moderate Buy" and a price target averaging around $43.57.

Advantage Alpha Capital Partners LP lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 48.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,204 shares of the company's stock after acquiring an additional 52,861 shares during the quarter. Darling Ingredients makes up 1.2% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 28th biggest position. Advantage Alpha Capital Partners LP owned 0.10% of Darling Ingredients worth $5,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAR. Guggenheim Capital LLC raised its holdings in shares of Darling Ingredients by 11.7% during the fourth quarter. Guggenheim Capital LLC now owns 21,778 shares of the company's stock valued at $734,000 after acquiring an additional 2,285 shares in the last quarter. GeoWealth Management LLC raised its holdings in Darling Ingredients by 54.8% in the fourth quarter. GeoWealth Management LLC now owns 6,185 shares of the company's stock worth $208,000 after purchasing an additional 2,189 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Darling Ingredients by 9.1% in the fourth quarter. MetLife Investment Management LLC now owns 89,648 shares of the company's stock worth $3,020,000 after purchasing an additional 7,466 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Darling Ingredients by 65.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,611 shares of the company's stock worth $324,000 after purchasing an additional 3,817 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Darling Ingredients by 210.4% in the fourth quarter. Hsbc Holdings PLC now owns 145,469 shares of the company's stock worth $4,894,000 after purchasing an additional 98,611 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Up 9.3%

Shares of NYSE DAR traded up $2.9580 during trading on Friday, reaching $34.7780. The company had a trading volume of 5,291,981 shares, compared to its average volume of 2,101,182. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49. The stock has a market cap of $5.50 billion, a PE ratio of 52.69 and a beta of 1.19. The business's 50-day moving average is $35.16 and its 200 day moving average is $33.66. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DAR has been the subject of a number of research reports. Piper Sandler decreased their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. Robert W. Baird reiterated a "neutral" rating and issued a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Jefferies Financial Group increased their price objective on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares in the company, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.07% of the company's stock.

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.