Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Maven Securities LTD

Maven Securities LTD reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 52.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 100,000 shares of the company’s stock after selling 110,000 shares during the period. Maven Securities LTD owned approximately 0.06% of Darling Ingredients worth $3,675,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Rise Advisors LLC acquired a new stake in Darling Ingredients during the first quarter worth about $25,000. Riverview Trust Co acquired a new stake in shares of Darling Ingredients during the 1st quarter worth approximately $55,000. Quarry LP increased its holdings in shares of Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after purchasing an additional 2,324 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after purchasing an additional 389 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in Darling Ingredients by 56.9% during the fourth quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after buying an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Cowen cut their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Jefferies Financial Group reduced their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Scotiabank dropped their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Finally, Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $60.10.

Darling Ingredients Stock Performance

DAR opened at $36.60 on Wednesday. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $52.73. The firm has a market capitalization of $5.85 billion, a PE ratio of 10.96 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $37.95 and its 200 day moving average price is $39.99.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $1.55 earnings per share. The firm’s revenue was down 17.2% compared to the same quarter last year. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Robert W. Day purchased 2,532 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, the executive vice president now directly 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 can be accessed through this link. 2.62% of the stock is owned by insiders.

Darling Ingredients Company Profile

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.