Bayforest Capital Ltd Boosts Stake in Darling Ingredients Inc. $DAR

Key Points

• Bayforest Capital Ltd increased its stake in Darling Ingredients Inc. by 356.6%, now owning 29,869 shares valued at $933,000.
• Darling Ingredients reported $0.09 EPS for the latest quarter, falling short of estimates, with a revenue of $1.48 billion.
• Several hedge funds have adjusted their holdings in Darling Ingredients, and institutional investors own 94.44% of the company's stock.

Bayforest Capital Ltd boosted its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 356.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,869 shares of the company's stock after purchasing an additional 23,327 shares during the period. Bayforest Capital Ltd's holdings in Darling Ingredients were worth $933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients in the fourth quarter valued at $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Darling Ingredients in the first quarter valued at $30,000. Hexagon Capital Partners LLC increased its holdings in Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. increased its holdings in Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after purchasing an additional 1,373 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after purchasing an additional 1,038 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DAR. Jefferies Financial Group increased their price objective on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Robert W. Baird reiterated a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Piper Sandler decreased their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. One research 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 data from MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and a consensus price target of $43.57.

Darling Ingredients Stock Down 1.3%

NYSE DAR traded down $0.40 during trading hours on Friday, hitting $31.52. The company's stock had a trading volume of 1,517,381 shares, compared to its average volume of 2,260,997. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The company has a market capitalization of $4.99 billion, a PE ratio of 47.75 and a beta of 1.16. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company's 50-day simple moving average is $33.47 and its two-hundred day simple moving average is $33.02.

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

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.