V Square Quantitative Management LLC Purchases 724 Shares of Darling Ingredients Inc. (NYSE:DAR)

V Square Quantitative Management LLC increased its position in Darling Ingredients Inc. (NYSE:DAR) by 56.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,997 shares of the company’s stock after purchasing an additional 724 shares during the quarter. V Square Quantitative Management LLC’s holdings in Darling Ingredients were worth $100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in Darling Ingredients by 111.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock worth $1,506,000 after purchasing an additional 15,933 shares during the period. NFC Investments LLC bought a new position in shares of Darling Ingredients during the fourth quarter valued at $22,473,000. Jennison Associates LLC lifted its holdings in shares of Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock valued at $50,250,000 after acquiring an additional 226,134 shares during the period. Gates Capital Management Inc. bought a new position in shares of Darling Ingredients during the fourth quarter valued at $88,885,000. Finally, Bank of Nova Scotia bought a new position in shares of Darling Ingredients during the fourth quarter valued at $8,109,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $35.21 on Tuesday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 10.54 and a beta of 1.26. Darling Ingredients Inc. has a 1-year low of $34.83 and a 1-year high of $71.60. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $41.96 and a two-hundred day moving average price of $44.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. Equities analysts predict that Darling Ingredients Inc. will post 2.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of analyst reports. Scotiabank cut their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. TD Cowen cut their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, June 13th. Stifel Nicolaus cut their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. BMO Capital Markets cut their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.45.

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.