566,094 Shares in Darling Ingredients Inc. $DAR Purchased by Thomist Capital Management LP

Thomist Capital Management LP acquired a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 566,094 shares of the company’s stock, valued at approximately $30,920,000. Darling Ingredients comprises about 9.8% of Thomist Capital Management LP’s investment portfolio, making the stock its biggest position. Thomist Capital Management LP owned about 0.36% of Darling Ingredients at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Partners Capital Investment Group LLP purchased a new position in Darling Ingredients in the second quarter worth about $571,000. Cibc World Market Inc. purchased a new stake in shares of Darling Ingredients during the second quarter valued at approximately $2,604,000. Sanctuary Advisors LLC purchased a new stake in shares of Darling Ingredients during the second quarter valued at approximately $645,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Darling Ingredients during the second quarter valued at approximately $118,952,000. Finally, Globeflex Capital L P purchased a new position in Darling Ingredients in the 2nd quarter worth approximately $695,000. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays increased 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 raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Jefferies Financial Group lifted their price objective on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insider Buying and Selling

In related news, Director Charles L. Adair bought 1,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Mcnutt sold 8,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This represents a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,591 shares of company stock valued at $704,303 in the last 90 days. 1.90% of the stock is owned by company insiders.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $62.37 on Tuesday. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $69.98. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 16.81 and a beta of 1.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $59.99 and a 200 day moving average of $58.47.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company posted $0.08 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. On average, research analysts anticipate that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Darling Ingredients 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.