AXQ Capital LP Acquires Shares of 21,804 Darling Ingredients Inc. (NYSE:DAR)

AXQ Capital LP bought a new position in Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,804 shares of the company’s stock, valued at approximately $735,000.

A number of other large investors have also made changes to their positions in DAR. M&T Bank Corp lifted its stake in Darling Ingredients by 3.3% in the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock worth $303,000 after acquiring an additional 286 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock worth $1,414,000 after purchasing an additional 297 shares during the period. CIBC Asset Management Inc grew its position in Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares in the last quarter. Metis Global Partners LLC increased its stake in Darling Ingredients by 4.3% in the 4th quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after buying an additional 406 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after buying an additional 412 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DAR. Citigroup dropped their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Trading Down 1.7 %

Shares of DAR stock opened at $29.87 on Friday. Darling Ingredients Inc. has a 12 month low of $27.20 and a 12 month high of $48.39. The company has a market cap of $4.74 billion, a PE ratio of 17.26 and a beta of 1.25. 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’s 50 day moving average is $35.67 and its two-hundred day moving average is $36.66.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

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.