AXQ Capital LP Purchases 12,702 Shares of Darling Ingredients Inc. $DAR

AXQ Capital LP increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 141.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,666 shares of the company’s stock after acquiring an additional 12,702 shares during the quarter. AXQ Capital LP’s holdings in Darling Ingredients were worth $669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Darling Ingredients by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after buying an additional 58,925 shares during the last quarter. Focus Partners Wealth acquired a new position in Darling Ingredients in the first quarter valued at approximately $205,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Darling Ingredients by 84.1% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 56,126 shares of the company’s stock valued at $2,129,000 after acquiring an additional 25,636 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in Darling Ingredients by 11.6% during the 2nd quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock worth $201,000 after acquiring an additional 550 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DAR shares. TD Cowen increased their price target on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Jefferies Financial Group restated a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. Piper Sandler upped their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, UBS Group set a $50.00 price target on shares of Darling Ingredients in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Trading Up 1.9%

NYSE DAR opened at $52.65 on Wednesday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $52.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.86 and a quick ratio of 0.87. The firm has a market cap of $8.33 billion, a P/E ratio of 134.99, a P/E/G ratio of 0.53 and a beta of 1.27. The stock’s 50-day moving average is $42.53 and its 200-day moving average is $36.38.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.