Bayforest Capital Ltd Boosts Position in Darling Ingredients Inc. (NYSE:DAR)

Bayforest Capital Ltd lifted its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 356.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,869 shares of the company's stock after acquiring 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.

Several other hedge funds and other institutional investors have also made changes to their positions in DAR. Heck Capital Advisors LLC acquired a new position in Darling Ingredients during the fourth quarter worth approximately $25,000. Hexagon Capital Partners LLC increased its position in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after buying an additional 500 shares during the period. UMB Bank n.a. increased its position in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after buying an additional 1,373 shares during the period. GAMMA Investing LLC increased its position in Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after buying an additional 1,038 shares during the period. Finally, Spire Wealth Management increased its position in Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock worth $88,000 after buying an additional 468 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of DAR stock traded down $0.79 during midday trading on Friday, hitting $31.59. The company had a trading volume of 2,295,975 shares, compared to its average volume of 2,391,313. The company's 50 day simple moving average is $35.29 and its 200 day simple moving average is $34.25. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 47.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.37%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on DAR shares. TD Cowen cut their price target on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Piper Sandler cut their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday. Tudor Pickering raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Citigroup cut their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.86.

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.