Will Darling Ingredients (DAR) Shares Bounce Back?

Aristotle Capital Management, LLC, an investment management company, released its “Aristotle Core Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -17.49% at NAV, underperforming the S&P 500 Index, which returned -16.10%. The underperformance of the fund was attributed to the stock selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Aristotle Capital discussed stocks like Darling Ingredients Inc. (NYSE:DAR) in the second quarter of 2022 investor letter. Headquartered in Irving, Texas, Darling Ingredients Inc. (NYSE:DAR) is in the agri-food industry. On October 7, 2022, Darling Ingredients Inc. (NYSE:DAR)  stock closed at $73.19 per share. One-month return of Darling Ingredients Inc. (NYSE:DAR) was -5.59% and its shares gained 1.08% of their value over the last 52 weeks. Darling Ingredients Inc. (NYSE:DAR)  has a market capitalization of $11.738 billion.

Here is what Aristotle Capital specifically said about Darling Ingredients Inc. (NYSE:DAR) in its Q2 2022 investor letter:

“Darling Ingredients Inc. (NYSE:DAR) detracted from performance in the second quarter, versus the benchmark Consumer Staples sector return. Darling was an outperformer in the first quarter; however, the Energy sector rolled over late in the second quarter, and Darling, given its exposure to biodiesel, sold off in sympathy. Darling was up for most of the second quarter, until the Energy sector began its decline in early June. During the quarter, the company reported a mainly in-line earnings report; however, they accelerated the timeline for the opening of their third joint-venture biodiesel facility to the fourth quarter of 2022. We remain encouraged on Darling’s diversified business and prospects for strong cash flow once the joint venture facilities are all up and running in 2023.”

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Darling Ingredients Inc. (NYSE:DAR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Darling Ingredients Inc. (NYSE:DAR)  at the end of the second quarter which was 34 in the previous quarter.

We discussed Darling Ingredients Inc. (NYSE:DAR)  in another article and shared Aristotle Capital Management’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.