Jump Financial LLC Has $1.52 Million Holdings in Darling Ingredients Inc. $DAR

Key Points

• Jump Financial LLC has reduced its stake in Darling Ingredients Inc. by 51.4% in the first quarter, now holding 48,511 shares valued at $1.5 million.
• Despite a slight decline in earnings per share to $0.09, Darling Ingredients reported a 1.8% increase in revenue year-over-year, totaling $1.48 billion.
• Institutional investors own 94.44% of Darling Ingredients' stock, indicating strong investment interest in the company.

Jump Financial LLC trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 51.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,511 shares of the company's stock after selling 51,217 shares during the period. Jump Financial LLC's holdings in Darling Ingredients were worth $1,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DAR. Vanguard Group Inc. grew its position in shares of Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company's stock valued at $488,654,000 after buying an additional 73,925 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock valued at $233,701,000 after purchasing an additional 1,026,958 shares during the last quarter. Gates Capital Management Inc. raised its position in shares of Darling Ingredients by 11.4% during 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. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of 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 during the last quarter. Finally, Deutsche Bank AG boosted its position in Darling Ingredients by 2.4% during the 1st quarter. Deutsche Bank AG now owns 3,394,250 shares of the company's stock valued at $106,036,000 after purchasing an additional 78,770 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on DAR. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. initiated coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price target on the stock. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Piper Sandler lowered their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, July 7th. One equities research 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Insider Activity

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.07% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded down $1.06 during trading hours on Wednesday, hitting $31.89. 437,711 shares of the company's stock were exchanged, compared to its average volume of 2,355,405. The company's 50-day moving average price is $34.57 and its 200-day moving average price is $33.42. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $43.49. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 48.37 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 issued 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). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

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.