Susquehanna Fundamental Investments LLC Invests $7.11 Million in Darling Ingredients Inc. (NYSE:DAR)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 211,021 shares of the company's stock, valued at approximately $7,109,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Darling Ingredients at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sycomore Asset Management grew its holdings in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock worth $4,743,000 after acquiring an additional 65,444 shares in the last quarter. KBC Group NV lifted its position in shares of Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after purchasing an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new stake in Darling Ingredients in the fourth quarter valued at about $735,000. Assenagon Asset Management S.A. raised its stake in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after buying an additional 1,235,985 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Darling Ingredients during the 4th quarter worth approximately $13,769,000. Institutional investors own 94.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup dropped their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. TD Cowen lowered their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Robert W. Baird decreased their target price on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $50.33.

Darling Ingredients Price Performance

DAR stock traded up $0.59 during trading hours on Thursday, hitting $32.78. 2,204,779 shares of the stock traded hands, compared to its average volume of 2,247,732. The stock has a 50-day simple moving average of $31.17 and a 200 day simple moving average of $35.39. The company has a market cap of $5.18 billion, a P/E ratio of 18.95 and a beta of 1.19. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.36). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.