Trium Capital LLP Acquires New Position in Darling Ingredients Inc. $DAR

Trium Capital LLP acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 3rd quarter, HoldingsChannel reports. The firm acquired 28,218 shares of the company’s stock, valued at approximately $871,000. Darling Ingredients comprises 0.3% of Trium Capital LLP’s holdings, making the stock its 29th largest position.

Several other institutional investors also recently made changes to their positions in the stock. NFC Investments LLC boosted its position in Darling Ingredients by 7.8% during the 2nd quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock valued at $18,134,000 after purchasing an additional 34,388 shares during the period. Russell Investments Group Ltd. lifted its stake in Darling Ingredients by 6.4% in the second quarter. Russell Investments Group Ltd. now owns 695,549 shares of the company’s stock valued at $26,453,000 after buying an additional 41,590 shares during the last quarter. Triodos Investment Management BV boosted its holdings in shares of Darling Ingredients by 5.4% during the second quarter. Triodos Investment Management BV now owns 932,914 shares of the company’s stock valued at $35,395,000 after acquiring an additional 47,500 shares during the period. Gates Capital Management Inc. grew its position in shares of Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after acquiring an additional 1,247,117 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Darling Ingredients by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 582,645 shares of the company’s stock worth $22,106,000 after acquiring an additional 20,515 shares during the period. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

DAR has been the subject of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $45.00 in a research report on Tuesday, December 2nd. UBS Group set a $50.00 target price on Darling Ingredients in a research report on Monday, November 3rd. Finally, Zacks Research upgraded Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Darling Ingredients Price Performance

NYSE DAR opened at $35.45 on Friday. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $42.15. The firm has a market capitalization of $5.61 billion, a PE ratio of 52.91, a P/E/G ratio of 2.65 and a beta of 1.29. The company’s 50 day simple moving average is $34.39 and its 200 day simple moving average is $33.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.