Thomist Capital Management LP Takes $5.13 Million Position in Darling Ingredients Inc. (NYSE:DAR)

Thomist Capital Management LP purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 138,000 shares of the company’s stock, valued at approximately $5,127,000. Darling Ingredients comprises approximately 1.9% of Thomist Capital Management LP’s portfolio, making the stock its 13th biggest holding. Thomist Capital Management LP owned approximately 0.09% of Darling Ingredients as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of DAR. EverSource Wealth Advisors LLC grew its holdings in shares of Darling Ingredients by 1,412.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares during the last quarter. Rise Advisors LLC bought a new stake in Darling Ingredients in the 1st quarter worth $25,000. Riverview Trust Co purchased a new position in shares of Darling Ingredients in the first quarter valued at about $55,000. Parallel Advisors LLC boosted its holdings in shares of Darling Ingredients by 24.7% during the fourth quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after purchasing an additional 389 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Darling Ingredients by 56.9% in the fourth quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after purchasing an additional 724 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen cut their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Jefferies Financial Group reduced their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, June 12th. Finally, Scotiabank reduced their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.10.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average cost of $39.37 per share, with a total value of $99,684.84. Following the completion of the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Up 1.4 %

DAR stock opened at $35.94 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average of $38.08 and a 200 day moving average of $40.40. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $57.99. The firm has a market cap of $5.74 billion, a PE ratio of 10.76 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business earned $1.55 EPS. Darling Ingredients’s revenue was down 17.2% compared to the same quarter last year. On average, research analysts forecast that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

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.