309,628 Shares in Darling Ingredients Inc. $DAR Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired 309,628 shares of Darling Ingredients Inc., valued at approximately $9.67 million, increasing their ownership to 0.20% of the company.
• Darling Ingredients reported a net margin of 1.85% and earnings per share (EPS) of $0.09 for the latest quarter, missing the consensus estimate of $0.12.
• Institutional investors hold approximately 94.44% of Darling Ingredients' stock, indicating significant institutional confidence in the company.

Trexquant Investment LP bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 309,628 shares of the company's stock, valued at approximately $9,673,000. Trexquant Investment LP owned 0.20% of Darling Ingredients at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAR. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after purchasing an additional 2,627,785 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock worth $233,701,000 after purchasing an additional 1,026,958 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Darling Ingredients by 155.5% during the first quarter. American Century Companies Inc. now owns 1,479,369 shares of the company's stock valued at $46,215,000 after buying an additional 900,461 shares during the last quarter. Gates Capital Management Inc. grew its position in Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company's stock worth $224,660,000 after purchasing an additional 682,529 shares during the period. Finally, Atlantic Investment Management Inc. bought a new position in Darling Ingredients in the fourth quarter valued at about $19,845,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Down 1.8%

DAR traded down $0.56 on Thursday, reaching $31.34. The company's stock had a trading volume of 455,865 shares, compared to its average volume of 2,355,600. The business's 50 day moving average is $34.46 and its 200 day moving average is $33.41. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 47.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $0.49 EPS. Darling Ingredients's revenue was up 1.8% compared to the same quarter last year. As a group, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DAR shares. Piper Sandler dropped their target price on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Baird R W cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price objective on the stock. Finally, Robert W. Baird reissued a "neutral" rating and set a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.57.

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.