50,206 Shares in Darling Ingredients Inc. (NYSE:DAR) Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new position in Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 50,206 shares of the company’s stock, valued at approximately $1,845,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAR. Balyasny Asset Management L.P. purchased a new stake in shares of Darling Ingredients in the fourth quarter worth $92,661,000. Dimensional Fund Advisors LP raised its position in shares of Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares in the last quarter. Gates Capital Management Inc. purchased a new stake in shares of Darling Ingredients in the fourth quarter worth $88,885,000. Bank of New York Mellon Corp raised its position in shares of Darling Ingredients by 24.9% in the first quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock worth $199,028,000 after buying an additional 851,886 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Darling Ingredients by 55.0% in the first quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock worth $72,683,000 after buying an additional 554,512 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Insider Activity

In other Darling Ingredients news, EVP Robert W. Day bought 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The stock was purchased 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 owns 12,607 shares of the company’s stock, valued at $496,337.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DAR. Scotiabank reduced their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. TD Cowen reduced their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Jefferies Financial Group reduced 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, Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.10.

Darling Ingredients Stock Performance

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

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data 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 business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business posted $1.55 earnings per share. Darling Ingredients’s quarterly revenue was down 17.2% compared to the same quarter last year. On average, analysts anticipate that Darling Ingredients Inc. will post 2.47 EPS for the current fiscal year.

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.