Aventail Capital Group LP Raises Stake in Darling Ingredients Inc. $DAR

Aventail Capital Group LP increased its stake in Darling Ingredients Inc. (NYSE:DAR) by 96.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,325 shares of the company’s stock after purchasing an additional 162,090 shares during the quarter. Aventail Capital Group LP owned 0.21% of Darling Ingredients worth $10,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DAR. Dimensional Fund Advisors LP boosted its holdings in Darling Ingredients by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock worth $240,058,000 after buying an additional 22,055 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Darling Ingredients by 6.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after buying an additional 287,665 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Darling Ingredients by 1.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock valued at $140,118,000 after acquiring an additional 35,309 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Darling Ingredients by 66.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after acquiring an additional 1,320,817 shares during the period. Finally, No Street GP LP purchased a new stake in shares of Darling Ingredients during the 3rd quarter worth approximately $69,458,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DAR shares. TD Cowen raised their price objective on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Saturday. Scotiabank reissued an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th. BMO Capital Markets raised their price target on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Trading Down 2.9%

Shares of DAR opened at $54.72 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $47.23 and a 200-day simple moving average of $38.31. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $57.35. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 140.31, a price-to-earnings-growth ratio of 0.42 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The firm had revenue of $1.71 billion during the quarter. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients 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.