AXQ Capital LP Takes Position in Darling Ingredients Inc. (NYSE:DAR)

AXQ Capital LP bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 21,804 shares of the company's stock, valued at approximately $735,000.

Several other hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH acquired a new stake in Darling Ingredients during the third quarter worth about $30,545,000. Natixis Advisors LLC raised its position in shares of Darling Ingredients by 23.2% during the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock worth $4,010,000 after purchasing an additional 20,323 shares during the period. Algert Global LLC raised its position in shares of Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company's stock worth $3,860,000 after purchasing an additional 75,540 shares during the period. Sycomore Asset Management boosted its position in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after purchasing an additional 65,444 shares during the period. Finally, KBC Group NV grew its stake in Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company's stock worth $3,509,000 after buying an additional 66,966 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of DAR traded up $1.42 during trading hours on Thursday, hitting $31.90. 3,833,726 shares of the company were exchanged, compared to its average volume of 2,121,223. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $5.07 billion, a PE ratio of 18.44 and a beta of 1.25. The firm has a fifty day simple moving average of $35.17 and a 200-day simple moving average of $36.45. Darling Ingredients Inc. has a one year low of $27.20 and a one year high of $48.39.

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Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DAR shares. StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Monday. Citigroup reduced their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, Stephens restated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.75.

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.