AXQ Capital LP Has $669,000 Stake in Darling Ingredients Inc. $DAR

AXQ Capital LP grew its position in Darling Ingredients Inc. (NYSE:DAR) by 141.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,666 shares of the company’s stock after purchasing an additional 12,702 shares during the period. AXQ Capital LP’s holdings in Darling Ingredients were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its position in Darling Ingredients by 37.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,668 shares of the company’s stock valued at $51,000 after buying an additional 455 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Darling Ingredients by 0.9% in the third quarter. DAVENPORT & Co LLC now owns 53,460 shares of the company’s stock valued at $1,639,000 after purchasing an additional 460 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Darling Ingredients by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 73,053 shares of the company’s stock worth $2,772,000 after purchasing an additional 514 shares in the last quarter. AlphaQuest LLC boosted its holdings in Darling Ingredients by 11.6% during the second quarter. AlphaQuest LLC now owns 5,310 shares of the company’s stock worth $201,000 after purchasing an additional 550 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

NYSE:DAR opened at $52.65 on Wednesday. The company has a market cap of $8.33 billion, a P/E ratio of 134.99, a P/E/G ratio of 0.53 and a beta of 1.27. The firm’s fifty day moving average price is $42.53 and its two-hundred day moving average price is $36.38. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $52.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.86 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. The company had revenue of $1.71 billion during the quarter. Equities analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research report on Monday, November 3rd. TD Cowen upped their target price on Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. BMO Capital Markets increased their price target on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Robert W. Baird set a $64.00 price target on Darling Ingredients in a research report on Friday, February 13th. Finally, Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.