Lecap Asset Management Ltd. Buys New Shares in Darling Ingredients Inc. (NYSE:DAR)

Lecap Asset Management Ltd. acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,585 shares of the company's stock, valued at approximately $424,000.

Other large investors have also recently bought and sold shares of the company. AXQ Capital LP bought a new stake in Darling Ingredients in the fourth quarter worth $735,000. GAMMA Investing LLC boosted 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 purchasing an additional 63,423 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Darling Ingredients in the fourth quarter worth $13,769,000. SG Americas Securities LLC bought a new stake in Darling Ingredients in the first quarter worth $568,000. Finally, Oppenheimer Asset Management Inc. boosted 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 purchasing an additional 19,113 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded down $0.09 during mid-day trading on Friday, hitting $38.22. The company had a trading volume of 6,698,622 shares, compared to its average volume of 2,237,002. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. The business's 50-day simple moving average is $33.51 and its 200-day simple moving average is $33.90. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The firm has a market cap of $6.04 billion, a P/E ratio of 35.72 and a beta of 1.18.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAR. Wall Street Zen upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. TD Cowen decreased their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Robert W. Baird decreased their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Darling Ingredients has a consensus rating of "Moderate Buy" and an average price target of $46.00.

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.