Maven Securities LTD Lowers Stake in Darling Ingredients Inc. (NYSE:DAR)

Maven Securities LTD decreased its position in Darling Ingredients Inc. (NYSE:DAR) by 52.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 110,000 shares during the quarter. Maven Securities LTD’s holdings in Darling Ingredients were worth $3,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Darling Ingredients by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after acquiring an additional 232,583 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after acquiring an additional 1,800,809 shares during the period. Earnest Partners LLC raised its stake in shares of Darling Ingredients by 14.0% in the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock valued at $140,725,000 after acquiring an additional 470,170 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Darling Ingredients in the fourth quarter valued at $92,661,000. Finally, Gates Capital Management Inc. acquired a new position in Darling Ingredients during the 4th quarter worth $88,885,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DAR shares. Scotiabank reduced their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, June 12th. Jefferies Financial Group dropped their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, TD Cowen decreased their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.10.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $36.60 on Wednesday. The stock’s 50-day moving average is $37.95 and its two-hundred day moving average is $39.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $52.73. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 10.96 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The firm’s revenue was down 17.2% compared to the same quarter last year. Analysts predict that Darling Ingredients Inc. will post 2.45 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.62% of the stock is owned by company insiders.

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.