Lecap Asset Management Ltd. Has $1.09 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Lecap Asset Management Ltd. lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,442 shares of the company’s stock after selling 6,111 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Darling Ingredients were worth $1,094,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC raised its position in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. lifted its stake in Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares during the last quarter. Quarry LP raised its holdings in shares of Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after buying an additional 2,324 shares in the last quarter. Finally, Covestor Ltd grew its position in Darling Ingredients by 21.9% in the first quarter. Covestor Ltd now owns 3,206 shares of the company’s stock valued at $149,000 after acquiring an additional 576 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank dropped their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. TD Cowen lowered their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Jefferies Financial Group reduced their target price on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.70.

Insider Activity at Darling Ingredients

In other news, EVP Robert W. Day acquired 2,532 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were acquired at an average cost of $39.37 per share, with a total value of $99,684.84. Following the transaction, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Price Performance

NYSE:DAR opened at $38.26 on Thursday. Darling Ingredients Inc. has a 52-week low of $32.67 and a 52-week high of $51.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 11.45 and a beta of 1.24. The stock has a fifty day moving average of $37.67 and a 200 day moving average of $39.06.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, research analysts expect that Darling Ingredients Inc. will post 2.26 EPS for the current fiscal 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.