Lecap Asset Management Ltd. Sells 6,111 Shares of Darling Ingredients Inc. (NYSE:DAR)

Lecap Asset Management Ltd. lowered its position in Darling Ingredients Inc. (NYSE:DAR) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,442 shares of the company’s stock after selling 6,111 shares during the period. Lecap Asset Management Ltd.’s holdings in Darling Ingredients were worth $1,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC increased its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. increased its holdings in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares in the last quarter. Quarry LP raised its holdings in shares of Darling Ingredients by 893.8% during the second quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Darling Ingredients by 21.9% during the 1st quarter. Covestor Ltd now owns 3,206 shares of the company’s stock worth $149,000 after purchasing an additional 576 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen reduced their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Scotiabank lowered their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Piper Sandler cut their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Jefferies Financial Group lowered their price objective on Darling Ingredients from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average target price of $55.70.

Insider Buying and Selling at Darling Ingredients

In other news, EVP Robert W. Day purchased 2,532 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was bought at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.62% of the stock is currently owned by insiders.

Darling Ingredients Stock Performance

Shares of DAR opened at $38.26 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average of $37.67 and a two-hundred day moving average of $39.06. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.36. The stock has a market cap of $6.11 billion, a P/E ratio of 11.45 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, research analysts predict that Darling Ingredients Inc. will post 2.26 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.