AXQ Capital LP Decreases Holdings in Darling Ingredients Inc. $DAR

AXQ Capital LP trimmed its stake in Darling Ingredients Inc. (NYSE:DAR) by 70.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,964 shares of the company’s stock after selling 21,521 shares during the quarter. AXQ Capital LP’s holdings in Darling Ingredients were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DAR. Vontobel Holding Ltd. lifted its stake in Darling Ingredients by 3.3% in the second quarter. Vontobel Holding Ltd. now owns 16,209 shares of the company’s stock valued at $615,000 after purchasing an additional 524 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Darling Ingredients by 11.6% in the second quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock valued at $201,000 after buying an additional 550 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after buying an additional 561 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Darling Ingredients by 5.2% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,286 shares of the company’s stock valued at $428,000 after buying an additional 562 shares during the last quarter. Finally, Sprott Inc. grew its stake in shares of Darling Ingredients by 9.9% during the 1st quarter. Sprott Inc. now owns 6,554 shares of the company’s stock worth $205,000 after acquiring an additional 591 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DAR. Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. UBS Group set a $50.00 target price on shares of Darling Ingredients in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $44.11.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $33.72 on Tuesday. The stock’s 50-day simple moving average is $32.41 and its two-hundred day simple moving average is $33.49. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $42.28. The firm has a market capitalization of $5.33 billion, a P/E ratio of 50.33, a P/E/G ratio of 2.35 and a beta of 1.30. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

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