XTX Topco Ltd Sells 5,553 Shares of Darling Ingredients Inc. $DAR

XTX Topco Ltd lowered its holdings in Darling Ingredients Inc. (NYSE:DAR) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Darling Ingredients by 0.5% in the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after buying an additional 73,925 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of Darling Ingredients by 18.7% in the 1st quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after acquiring an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Darling Ingredients by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after acquiring an additional 1,026,958 shares during the last quarter. Earnest Partners LLC lifted its position in Darling Ingredients by 0.9% in the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock valued at $127,535,000 after acquiring an additional 36,085 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Darling Ingredients by 2.4% during the 1st quarter. Deutsche Bank AG now owns 3,394,250 shares of the company’s stock valued at $106,036,000 after purchasing an additional 78,770 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Up 0.0%

DAR stock opened at $36.61 on Friday. The stock has a market cap 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. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock’s fifty day simple moving average is $32.69 and its two-hundred day simple moving average is $33.52. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $42.15.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share (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 net margin of 1.84% and a return on equity of 2.41%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DAR. UBS Group set a $50.00 price objective on Darling Ingredients in a research note on Monday, November 3rd. Jefferies Financial Group upped their price target on Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Bank of America started coverage on Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. Zacks Research raised shares of Darling Ingredients from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. One 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 stock. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price 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.