Quadrature Capital Ltd Sells 31,337 Shares of Darling Ingredients Inc. (NYSE:DAR)

Quadrature Capital Ltd trimmed its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 69.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,676 shares of the company's stock after selling 31,337 shares during the period. Quadrature Capital Ltd's holdings in Darling Ingredients were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 52.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company's stock worth $192,445,000 after buying an additional 1,800,809 shares during the last quarter. Paloma Partners Management Co boosted its stake 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 acquiring an additional 838,047 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Darling Ingredients in the 3rd quarter worth $30,545,000. ING Groep NV raised its position in shares of Darling Ingredients by 244.1% during the third quarter. ING Groep NV now owns 810,100 shares of the company's stock worth $30,103,000 after purchasing an additional 574,700 shares during the period. Finally, FMR LLC lifted its holdings in shares of Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after purchasing an additional 491,477 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, September 13th. Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $53.44.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock traded up $0.29 on Monday, reaching $36.24. The stock had a trading volume of 3,770,512 shares, compared to its average volume of 2,195,221. Darling Ingredients Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The business's 50-day moving average price is $38.92 and its two-hundred day moving average price is $38.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a market cap of $5.76 billion, a P/E ratio of 22.19 and a beta of 1.19.

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

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.