AXQ Capital LP Sells 16,780 Shares of Darling Ingredients Inc. $DAR

Key Points

• AXQ Capital reduced its Darling Ingredients stake by 42.8%, selling 16,780 shares in the second quarter and retaining 22,398 shares valued at approximately $1.22 million.
• Analysts remain broadly optimistic, with an average “Moderate Buy” rating and a $69 target price. Several firms recently raised their targets, including TD Cowen to $80 and JPMorgan to $79.
• Darling Ingredients exceeded quarterly expectations, reporting $2.41 in EPS versus the $1.40 consensus estimate and $1.72 billion in revenue, up 16.4% year over year.

AXQ Capital LP cut its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 42.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,398 shares of the company's stock after selling 16,780 shares during the period. AXQ Capital LP's holdings in Darling Ingredients were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nykredit A S bought a new position in shares of Darling Ingredients during the 2nd quarter worth about $254,000. Headlands Technologies LLC acquired a new position in shares of Darling Ingredients during the second quarter worth approximately $247,000. Quantitative Investment Management LLC bought a new position in shares of Darling Ingredients in the 2nd quarter worth $1,119,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Darling Ingredients by 1.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 419,696 shares of the company's stock worth $22,924,000 after purchasing an additional 4,820 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its position in Darling Ingredients by 12.6% in the 2nd quarter. Toth Financial Advisory Corp now owns 23,765 shares of the company's stock valued at $1,298,000 after purchasing an additional 2,650 shares during the period. Institutional investors own 94.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DAR. Weiss Ratings upgraded shares of Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, May 12th. Barclays boosted their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. TD Cowen raised their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Finally, Zacks Research upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.00.

Darling Ingredients Stock Performance

DAR stock opened at $65.32 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $10.31 billion, a PE ratio of 17.61 and a beta of 1.02. The business has a 50 day moving average of $62.05 and a 200-day moving average of $59.41. Darling Ingredients Inc. has a 12-month low of $29.15 and a 12-month high of $69.98.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Insider Buying and Selling

In other Darling Ingredients news, EVP Nicholas Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the transaction, the executive vice president owned 35,087 shares of the company's stock, valued at $2,212,235.35. The trade was a 4.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph Manzi sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the sale, the chief accounting officer directly owned 18,969 shares in the company, valued at $1,276,044.63. This trade represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 10,591 shares of company stock worth $704,303. Insiders own 1.90% of the company's stock.

About Darling Ingredients

Darling Ingredients Inc NYSE: DAR is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company's core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

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