Centiva Capital LP Acquires 31,360 Shares of Darling Ingredients Inc. (NYSE:DAR)

Centiva Capital LP increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 242.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,307 shares of the company's stock after purchasing an additional 31,360 shares during the quarter. Centiva Capital LP's holdings in Darling Ingredients were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Sycomore Asset Management boosted its holdings in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock worth $4,743,000 after purchasing an additional 65,444 shares during the last quarter. KBC Group NV boosted its stake in shares of Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after buying an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Darling Ingredients in the fourth quarter worth $735,000. Assenagon Asset Management S.A. increased its position in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after acquiring an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Darling Ingredients during the fourth quarter valued at $13,769,000. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on DAR shares. Citigroup cut their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. TD Cowen decreased their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Stephens reiterated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Robert W. Baird decreased their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.33.

Darling Ingredients Price Performance

Darling Ingredients stock traded up $1.11 during midday trading on Tuesday, reaching $36.62. 564,666 shares of the stock traded hands, compared to its average volume of 2,248,843. 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 Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. The stock's fifty day moving average is $30.87 and its 200-day moving average is $35.16. The stock has a market cap of $5.79 billion, a P/E ratio of 21.17 and a beta of 1.25.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period last year, the business posted $0.50 earnings per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients 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.