Maven Securities LTD Reduces Position in Darling Ingredients Inc. (NYSE:DAR)

Maven Securities LTD cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 77.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the company’s stock after selling 26,500 shares during the quarter. Maven Securities LTD’s holdings in Darling Ingredients were worth $253,000 as of its most recent SEC filing.

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

Darling Ingredients Price Performance

DAR stock opened at $36.69 on Wednesday. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $47.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market capitalization of $5.80 billion, a PE ratio of 21.21 and a beta of 1.25. The business has a 50 day simple moving average of $30.95 and a 200-day simple moving average of $35.17.

Darling Ingredients (NYSE:DAR) last posted 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). The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.