Aristeia Capital L.L.C. Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Aristeia Capital L.L.C. acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,327 shares of the company’s stock, valued at approximately $674,000.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares during the period. Rise Advisors LLC purchased a new position in shares of Darling Ingredients in the first quarter worth approximately $25,000. Riverview Trust Co purchased a new position in shares of Darling Ingredients in the first quarter worth approximately $55,000. Parallel Advisors LLC raised 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 valued at $98,000 after acquiring an additional 389 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in Darling Ingredients by 56.9% in 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 period. 94.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Darling Ingredients Stock Performance

DAR stock opened at $36.60 on Tuesday. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 10.96 and a beta of 1.24. The firm has a 50 day moving average of $38.03 and a two-hundred day moving average of $40.25. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $55.20.

Darling Ingredients (NYSE:DAR) last posted its earnings results 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 the consensus estimate of $1.46 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The business’s quarterly revenue was down 17.2% on a year-over-year basis. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.