Maven Securities LTD Boosts Holdings in Darling Ingredients Inc. $DAR

Key Points

• Maven Securities LTD increased its stake in Darling Ingredients Inc. by 328.9% during the first quarter, acquiring a total of 32,168 shares valued at about $1,005,000.
• Several institutional investors adjusted their holdings in Darling Ingredients, resulting in 94.44% of the stock being owned by hedge funds and other institutional investors.
• The latest research from analysts shows Darling Ingredients has an average rating of "Moderate Buy" with a target price of $45.86, indicating positive sentiment despite recent sales from the CEO.

Maven Securities LTD raised its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 328.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,168 shares of the company's stock after buying an additional 24,668 shares during the period. Maven Securities LTD's holdings in Darling Ingredients were worth $1,005,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Peregrine Capital Management LLC grew its position in shares of Darling Ingredients by 16.5% in the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company's stock valued at $6,835,000 after purchasing an additional 30,952 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Darling Ingredients by 19.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company's stock valued at $953,000 after purchasing an additional 4,933 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Darling Ingredients by 14.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company's stock valued at $4,821,000 after purchasing an additional 19,113 shares during the period. GAMMA Investing LLC grew its position in shares of Darling Ingredients by 6,187.6% in the first quarter. GAMMA Investing LLC now owns 64,448 shares of the company's stock valued at $2,063,000 after purchasing an additional 63,423 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Darling Ingredients in the first quarter valued at about $255,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of DAR traded up $2.9580 during trading hours on Friday, reaching $34.7780. The company had a trading volume of 5,291,981 shares, compared to its average volume of 1,992,435. The firm has a 50 day simple moving average of $35.16 and a 200-day simple moving average of $33.69. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 52.69 and a beta of 1.19. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird restated a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Piper Sandler decreased their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a research note on Wednesday. They issued an "overweight" rating and a $43.00 price target on the stock. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, Jefferies Financial Group increased their price target on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction dated Monday, August 18th. The shares were 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 owned 781,437 shares in the company, valued at $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.62% of the stock is owned by corporate insiders.

Darling Ingredients Company 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.