XTX Topco Ltd Has $1.22 Million Position in Darling Ingredients Inc. $DAR

XTX Topco Ltd lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,078 shares of the company’s stock after selling 5,553 shares during the quarter. XTX Topco Ltd’s holdings in Darling Ingredients were worth $1,217,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after acquiring an additional 73,925 shares during the last quarter. Gates Capital Management Inc. increased its holdings in Darling Ingredients by 18.7% in the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock valued at $247,282,000 after purchasing an additional 1,247,117 shares during the period. Dimensional Fund Advisors LP raised its position in Darling Ingredients by 15.9% during the 1st 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 during the last quarter. Earnest Partners LLC lifted its holdings in Darling Ingredients by 0.9% during the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock worth $127,535,000 after buying an additional 36,085 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Darling Ingredients by 2.4% during the 1st quarter. Deutsche Bank AG now owns 3,394,250 shares of the company’s stock worth $106,036,000 after buying an additional 78,770 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Performance

NYSE:DAR opened at $36.61 on Friday. 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 Inc. has a twelve month low of $26.00 and a twelve month high of $42.15. The company has a fifty day moving average of $32.69 and a 200-day moving average of $33.52. The firm has a market capitalization of $5.79 billion, a P/E ratio of 54.64, a P/E/G ratio of 2.35 and a beta of 1.30.

Darling Ingredients (NYSE:DAR) last posted its quarterly 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). Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on DAR. JPMorgan Chase & Co. began coverage on Darling Ingredients in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Bank of America began coverage on shares of Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective on the stock. Jefferies Financial Group lifted their target price on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.11.

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.