DRW Securities LLC Buys New Holdings 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 Darling Ingredients Inc. (NYSE:DAR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harber Asset Management LLC boosted its position in shares of Darling Ingredients by 10.4% during the 1st quarter. Harber Asset Management LLC now owns 258,567 shares of the company's stock valued at $8,078,000 after purchasing an additional 24,354 shares in the last quarter. Goodlander Investment Management LLC acquired a new position in shares of Darling Ingredients during the 1st quarter valued at $7,185,000. Magnetar Financial LLC lifted its position in shares of Darling Ingredients by 112.1% during the 1st quarter. Magnetar Financial LLC now owns 182,785 shares of the company's stock valued at $5,710,000 after acquiring an additional 96,620 shares during the period. State of Wyoming bought a new position in Darling Ingredients in the first quarter worth approximately $333,000. Finally, Trexquant Investment LP bought a new position in Darling Ingredients in the first quarter worth approximately $9,673,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.62% of the company's stock.

Darling Ingredients Price Performance

DAR traded up $0.25 on Friday, reaching $31.82. The company had a trading volume of 674,912 shares, compared to its average volume of 2,358,214. The business has a 50 day simple moving average of $34.32 and a 200 day simple moving average of $33.34. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 48.32 and a beta of 1.16. 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 52-week low of $26.00 and a 52-week high of $43.49.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. Jefferies Financial Group lifted their price target on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Robert W. Baird reiterated a "neutral" rating and set a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Piper Sandler decreased their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a research note on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Darling Ingredients has an average rating of "Moderate Buy" and a consensus target price 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.