XTX Topco Ltd Buys Shares of 37,631 Darling Ingredients Inc. (NYSE:DAR)

Key Points

• XTX Topco Ltd acquired 37,631 shares of Darling Ingredients Inc., valued at approximately $1,176,000, during the first quarter.
• Institutional investors collectively own 94.44% of Darling Ingredients, with significant increases in holdings by firms such as Franklin Resources and Norges Bank.
• Shares of Darling Ingredients are currently experiencing a 2.4% decline, with a market cap of $5.00 billion and a recent earnings miss of $0.09 EPS compared to estimates of $0.12 EPS.

XTX Topco Ltd 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 & Exchange Commission. The firm bought 37,631 shares of the company's stock, valued at approximately $1,176,000.

Several other large investors also recently modified their holdings of the business. Peregrine Capital Management LLC lifted its holdings in Darling Ingredients by 16.5% in the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company's stock worth $6,835,000 after acquiring an additional 30,952 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Darling Ingredients by 19.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company's stock worth $953,000 after acquiring an additional 4,933 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Darling Ingredients by 14.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company's stock worth $4,821,000 after acquiring an additional 19,113 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Darling Ingredients by 6,187.6% in the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company's stock worth $2,063,000 after acquiring an additional 63,423 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in Darling Ingredients in the first quarter worth about $255,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

NYSE:DAR traded up $0.14 during midday trading on Monday, hitting $31.63. 1,651,177 shares of the stock were exchanged, compared to its average volume of 2,262,997. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 47.92 and a beta of 1.19. The business has a 50-day moving average price of $35.29 and a two-hundred day moving average price of $34.18. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.37% and a net margin of 1.85%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $0.49 EPS. Darling Ingredients's revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DAR shares. Baird R W cut shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Robert W. Baird reissued a "neutral" rating and issued a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Citigroup cut their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group lifted their price target on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.86.

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.