Trium Capital LLP Raises Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Trium Capital LLP raised its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 217.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,107 shares of the company's stock after purchasing an additional 11,722 shares during the period. Trium Capital LLP's holdings in Darling Ingredients were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients in the 4th quarter worth about $25,000. Hexagon Capital Partners LLC raised its position in Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. grew its stake in Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after acquiring an additional 1,373 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 1,038 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company's stock valued at $88,000 after purchasing an additional 468 shares in the last quarter. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of NYSE DAR traded up $0.99 during trading on Thursday, hitting $38.09. The company had a trading volume of 624,023 shares, compared to its average volume of 2,242,141. The stock has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $34.11. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 35.60 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 3.78% and a net margin of 3.02%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

DAR has been the topic of a number of recent research reports. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Robert W. Baird dropped their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday. Citigroup dropped their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, TD Cowen lowered their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

About Darling Ingredients

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.