Barings LLC Raises Stake in Darling Ingredients Inc. (NYSE:DAR)

Key Points

• Barings LLC increased its stake in Darling Ingredients Inc. by 21.5%, owning approximately 182,031 shares valued at about $5.69 million at the end of the last reporting period.
• Multiple hedge funds have modified their holdings in Darling Ingredients, with UNIVEST FINANCIAL Corp and Bayforest Capital Ltd significantly increasing their investments during the first quarter.
• Darling Ingredients reported $0.09 EPS for the last quarter, missing estimates, with revenue slightly rising to $1.48 billion from the previous year.

Barings LLC boosted its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 21.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 182,031 shares of the company's stock after acquiring an additional 32,157 shares during the period. Barings LLC owned about 0.12% of Darling Ingredients worth $5,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new position in Darling Ingredients in the 4th quarter worth $25,000. Hexagon Capital Partners LLC grew its position in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after buying an additional 500 shares during the last quarter. UMB Bank n.a. grew its position in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after buying an additional 1,373 shares during the last quarter. GAMMA Investing LLC grew its position in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Spire Wealth Management grew its position in Darling Ingredients by 19.8% in the 1st quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after purchasing an additional 468 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 2.4%

NYSE:DAR traded down $0.79 during trading hours on Friday, reaching $31.59. The company had a trading volume of 2,295,975 shares, compared to its average volume of 2,262,997. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 47.86 and a beta of 1.19. The business's 50-day simple moving average is $35.29 and its two-hundred day simple moving average is $34.18. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 2.37% and a net margin of 1.85%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business's revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on DAR shares. Citigroup cut their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. TD Cowen lowered their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group raised their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Darling Ingredients currently has an average rating of "Moderate Buy" and an average target price of $45.86.

Darling Ingredients 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.