Y Intercept Hong Kong Ltd Acquires Shares of 30,686 Darling Ingredients Inc. $DAR

Y Intercept Hong Kong Ltd acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,686 shares of the company’s stock, valued at approximately $1,164,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAR. Gates Capital Management Inc. raised its holdings in Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after purchasing an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after purchasing an additional 1,026,958 shares in the last quarter. American Century Companies Inc. raised its holdings in Darling Ingredients by 155.5% during the first quarter. American Century Companies Inc. now owns 1,479,369 shares of the company’s stock worth $46,215,000 after purchasing an additional 900,461 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Darling Ingredients by 548.4% during the first quarter. AQR Capital Management LLC now owns 635,351 shares of the company’s stock worth $19,588,000 after purchasing an additional 537,356 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of Darling Ingredients during the first quarter worth about $14,651,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $32.79 on Tuesday. The firm’s fifty day simple moving average is $32.13 and its 200-day simple moving average is $33.31. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 2.35 and a beta of 1.22. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analysts Set New Price Targets

DAR has been the topic of several research reports. UBS Group set a $50.00 price objective on Darling Ingredients in a report on Monday. Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Robert W. Baird reaffirmed a “neutral” rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Zacks Research cut shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.11.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.62% of the company’s stock.

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.