Trium Capital LLP Takes $181,000 Position in Darling Ingredients Inc. (NYSE:DAR)

Trium Capital LLP purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,385 shares of the company’s stock, valued at approximately $181,000.

A number of other hedge funds have also recently added to or reduced their stakes in DAR. GAMMA Investing LLC increased its stake in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC grew its holdings in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. increased its position in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients during the 3rd quarter worth $58,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $36.70 on Friday. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 22.66 and a beta of 1.21. The company has a 50 day moving average price of $37.02 and a 200 day moving average price of $37.56. Darling Ingredients Inc. has a one year low of $32.55 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $0.77 earnings per share. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. Sell-side analysts anticipate that Darling Ingredients Inc. will post 1.75 EPS for the current year.

Wall Street Analyst Weigh In

DAR has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.44.

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.