Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Focus Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Aristotle Atlantic’s Focus Growth Composite posted a total return of -9.30% gross of fees (-9.34% net of fees), underperforming the -9.04% total return of the Russell 1000 Growth Index. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Aristotle Capital Management Focus Growth Fund mentioned Darling Ingredients Inc. (NYSE:DAR) and explained its insights for the company. Founded in 1882, Darling Ingredients Inc. (NYSE:DAR) is an Irving, Texas-based animal food manufacturing company with a $12.9 billion market capitalization. Darling Ingredients Inc. (NYSE:DAR) delivered a 15.56% return since the beginning of the year, while its 12-month returns are up by 12.06%. The stock closed at $80.07 per share on May 26, 2022.
Here is what Aristotle Capital Management Focus Growth Fund has to say about Darling Ingredients Inc. (NYSE:DAR) in its Q1 2022 investor letter:
“Darling posted a strong recovery in the first quarter, rising on higher Diesel prices and strong demand for proteins and feedstocks. Furthermore, the Company continues to expand production in its Diamond Green Diesel (DGD) joint venture with Valero. Cash flows are expected to grow meaningfully next year, as the DGD 3 plant is expected to come online in Port Arthur Texas in the first half of 2023, bringing DGD total renewable diesel production capacity up to 1.2 billion gallons per year.”
Our calculations show that Darling Ingredients Inc. (NYSE:DAR) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Darling Ingredients Inc. (NYSE:DAR) was in 34 hedge fund portfolios at the end of the first quarter of 2022, compared to 29 funds in the previous quarter. Darling Ingredients Inc. (NYSE:DAR) delivered a 2.12% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.