Caprock Group LLC Grows Stake in Darling Ingredients Inc. (NYSE:DAR)

Caprock Group LLC increased its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 55.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,372 shares of the company’s stock after purchasing an additional 3,681 shares during the period. Caprock Group LLC’s holdings in Darling Ingredients were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAR. EverSource Wealth Advisors LLC raised its holdings in shares of Darling Ingredients by 1,412.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after acquiring an additional 466 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of Darling Ingredients during the first quarter worth approximately $25,000. Riverview Trust Co acquired a new position in Darling Ingredients in the 1st quarter valued at $55,000. Parallel Advisors LLC lifted its holdings in Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after purchasing an additional 389 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Darling Ingredients by 56.9% during the 4th 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

DAR has been the subject of a number of recent research reports. Scotiabank reduced their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Wednesday, June 12th. Jefferies Financial Group cut their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, July 26th. Stifel Nicolaus lowered their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Finally, TD Cowen cut their target price on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.30.

Insider Activity

In other news, EVP Robert W. Day bought 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.62% of the company’s stock.

Darling Ingredients Stock Down 0.5 %

Shares of DAR opened at $34.22 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The firm has a market cap of $5.47 billion, a P/E ratio of 10.25 and a beta of 1.24. The company’s 50-day moving average price is $38.21 and its 200 day moving average price is $40.65. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $61.25.

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