Quadrature Capital Ltd reduced its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 69.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,676 shares of the company's stock after selling 31,337 shares during the quarter. Quadrature Capital Ltd's holdings in Darling Ingredients were worth $508,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in DAR. Red Door Wealth Management LLC increased its stake in Darling Ingredients by 15.0% in the second quarter. Red Door Wealth Management LLC now owns 90,841 shares of the company's stock valued at $3,338,000 after acquiring an additional 11,869 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Darling Ingredients in the 2nd quarter valued at $140,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Darling Ingredients during the 2nd quarter worth $196,000. Lecap Asset Management Ltd. bought a new stake in shares of Darling Ingredients during the 2nd quarter worth $1,307,000. Finally, Access Investment Management LLC boosted its stake in Darling Ingredients by 641.8% in the second quarter. Access Investment Management LLC now owns 268,055 shares of the company's stock valued at $9,851,000 after buying an additional 231,920 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, October 25th. TD Cowen dropped their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.44.
Read Our Latest Stock Report on DAR
Shares of Darling Ingredients stock opened at $35.95 on Monday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 22.19 and a beta of 1.19. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The company's fifty day moving average is $38.92 and its 200 day moving average is $38.14. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.
Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company's quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. Sell-side analysts forecast that Darling Ingredients Inc. will post 1.88 EPS for the current year.
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.
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