Quadrature Capital Ltd Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Quadrature Capital Ltd purchased a new position in Darling Ingredients Inc. (NYSE:DAR) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 22,841 shares of the company’s stock, valued at approximately $1,062,000.

Several other institutional investors have also added to or reduced their stakes in the business. Keeley Teton Advisors LLC grew its position in Darling Ingredients by 48.9% during the 1st quarter. Keeley Teton Advisors LLC now owns 14,296 shares of the company’s stock worth $665,000 after purchasing an additional 4,696 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Darling Ingredients by 942.1% during the first quarter. Toronto Dominion Bank now owns 392,165 shares of the company’s stock worth $18,240,000 after buying an additional 354,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Darling Ingredients during the first quarter valued at $391,000. CANADA LIFE ASSURANCE Co increased its position in shares of Darling Ingredients by 141.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 319,348 shares of the company’s stock valued at $14,856,000 after acquiring an additional 187,215 shares during the period. Finally, Mirova raised its stake in Darling Ingredients by 27.8% in the 1st quarter. Mirova now owns 37,395 shares of the company’s stock worth $1,739,000 after acquiring an additional 8,127 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE DAR traded down $0.71 during trading hours on Friday, hitting $38.87. 3,956,900 shares of the company’s stock traded hands, compared to its average volume of 1,794,734. The company has a market capitalization of $6.21 billion, a PE ratio of 11.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. Darling Ingredients Inc. has a 52-week low of $33.94 and a 52-week high of $71.60. The firm’s 50-day moving average is $37.79 and its 200-day moving average is $41.76.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm 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 8.35% and a net margin of 6.04%. The business’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. Equities analysts forecast that Darling Ingredients Inc. will post 2.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Stifel Nicolaus decreased their price objective on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, June 12th. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group cut their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.27.

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.