Thomist Capital Management LP Takes Position in Darling Ingredients Inc. $DAR

Thomist Capital Management LP bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 566,094 shares of the company’s stock, valued at approximately $30,920,000. Darling Ingredients makes up approximately 9.8% of Thomist Capital Management LP’s investment portfolio, making the stock its largest position.

Several other hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in shares of Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after acquiring an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after acquiring an additional 220 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Darling Ingredients by 3.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after acquiring an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of Darling Ingredients by 35.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after acquiring an additional 270 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DAR shares. Barclays lifted their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. TD Cowen lifted their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Nicholas James Kemphaus sold 1,591 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the transaction, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the transaction, the executive vice president directly owned 35,777 shares of the company’s stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock worth $704,303 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Darling Ingredients Stock Performance

NYSE:DAR opened at $62.37 on Tuesday. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 16.81 and a beta of 1.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $69.98. The stock’s 50 day simple moving average is $59.99 and its two-hundred day simple moving average is $58.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company earned $0.08 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Darling Ingredients Company 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.