Bayforest Capital Ltd Decreases Stock Position in Darling Ingredients Inc. $DAR

Bayforest Capital Ltd cut its holdings in Darling Ingredients Inc. (NYSE:DAR) by 44.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,587 shares of the company’s stock after selling 13,282 shares during the period. Bayforest Capital Ltd’s holdings in Darling Ingredients were worth $629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 1,038 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Darling Ingredients in the 1st quarter worth about $568,000. Fifth Third Bancorp boosted its position in shares of Darling Ingredients by 51.0% in the 1st quarter. Fifth Third Bancorp now owns 15,122 shares of the company’s stock worth $472,000 after buying an additional 5,106 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Darling Ingredients by 54.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,552 shares of the company’s stock worth $486,000 after buying an additional 5,451 shares in the last quarter. Finally, Bfsg LLC raised its stake in Darling Ingredients by 23.8% in the 1st quarter. Bfsg LLC now owns 8,300 shares of the company’s stock valued at $259,000 after purchasing an additional 1,595 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAR. Jefferies Financial Group set a $42.00 target price on shares of Darling Ingredients in a research note on Wednesday, October 8th. Bank of America began coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 target price for the company. Baird R W downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Piper Sandler cut their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 28th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $43.25.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the transaction, the chief executive officer owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.07% of the stock is currently owned by corporate insiders.

Darling Ingredients Trading Up 5.8%

NYSE DAR opened at $31.66 on Wednesday. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a 50-day moving average of $31.83 and a 200-day moving average of $33.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The company has a market cap of $5.01 billion, a P/E ratio of 47.97, a P/E/G ratio of 1.60 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS 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 2.35%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company earned $0.49 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.