DRW Securities LLC Takes Position in Darling Ingredients Inc. $DAR

Key Points

• DRW Securities LLC acquired a new stake in Darling Ingredients Inc., purchasing 100,000 shares valued at approximately $3.12 million during the first quarter.
• CEO Randall C. Stuewe sold 35,000 shares of the company, resulting in a 4.29% decrease in his ownership.
• Several analysts have set new price targets, with JPMorgan Chase & Co. initiating coverage and setting an "overweight" rating along with a $43.00 price target for Darling Ingredients.

DRW Securities LLC purchased a new stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $3,124,000. DRW Securities LLC owned 0.06% of Darling Ingredients as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Harber Asset Management LLC lifted its stake in Darling Ingredients by 10.4% in the first quarter. Harber Asset Management LLC now owns 258,567 shares of the company's stock valued at $8,078,000 after buying an additional 24,354 shares during the period. Goodlander Investment Management LLC acquired a new stake in shares of Darling Ingredients during the first quarter worth about $7,185,000. Magnetar Financial LLC raised its position in shares of Darling Ingredients by 112.1% during the first quarter. Magnetar Financial LLC now owns 182,785 shares of the company's stock worth $5,710,000 after purchasing an additional 96,620 shares during the period. State of Wyoming acquired a new stake in shares of Darling Ingredients during the first quarter worth about $333,000. Finally, Trexquant Investment LP acquired a new stake in shares of Darling Ingredients during the first quarter worth about $9,673,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded down $1.04 during trading on Wednesday, reaching $31.91. 2,277,471 shares of the company's stock were exchanged, compared to its average volume of 2,124,451. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $43.49. The company has a market cap of $5.05 billion, a P/E ratio of 50.69 and a beta of 1.16. The firm's 50-day moving average price is $34.46 and its 200 day moving average price is $33.41.

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

Insider Activity at Darling Ingredients

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

Analysts Set New Price Targets

A number of research firms recently issued reports on DAR. JPMorgan Chase & Co. started coverage on Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective for the company. 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 downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Piper Sandler dropped their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. Finally, Robert W. Baird reissued a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.57.

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.