Maven Securities LTD Has $1.26 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Maven Securities LTD lowered its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 66.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,000 shares of the company's stock after selling 66,000 shares during the quarter. Maven Securities LTD's holdings in Darling Ingredients were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NFC Investments LLC grew its stake in Darling Ingredients by 0.8% in the 3rd quarter. NFC Investments LLC now owns 479,004 shares of the company's stock valued at $17,800,000 after buying an additional 3,983 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Darling Ingredients by 7.4% during the third quarter. Janus Henderson Group PLC now owns 104,941 shares of the company's stock valued at $3,900,000 after acquiring an additional 7,252 shares during the period. Hilltop Holdings Inc. grew its position in shares of Darling Ingredients by 21.5% in the third quarter. Hilltop Holdings Inc. now owns 8,255 shares of the company's stock valued at $307,000 after purchasing an additional 1,461 shares during the last quarter. Centiva Capital LP increased its stake in shares of Darling Ingredients by 122.1% in the third quarter. Centiva Capital LP now owns 12,947 shares of the company's stock worth $481,000 after purchasing an additional 7,118 shares during the period. Finally, Paloma Partners Management Co lifted its position in shares of Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company's stock worth $32,597,000 after purchasing an additional 838,047 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Performance

DAR traded down $0.97 during trading on Thursday, reaching $35.57. 2,125,421 shares of the company's stock were exchanged, compared to its average volume of 2,189,124. The company has a market capitalization of $5.66 billion, a P/E ratio of 21.96 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $38.96 and a 200 day moving average price of $38.25. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $0.77 earnings per share. Darling Ingredients's revenue was down 12.5% on a year-over-year basis. As a group, analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. TD Cowen lowered their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and an average price target of $53.44.

Darling Ingredients Company 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.