Balyasny Asset Management L.P. Trims Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Balyasny Asset Management L.P. trimmed its holdings in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 997,408 shares of the company's stock after selling 299,275 shares during the period. Balyasny Asset Management L.P. owned about 0.63% of Darling Ingredients worth $33,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DAR. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after acquiring an additional 721 shares during the period. Palouse Capital Management Inc. bought a new stake in Darling Ingredients during the fourth quarter valued at approximately $86,000. First Horizon Advisors Inc. raised its holdings in shares of Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $109,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

DAR stock traded up $0.17 during midday trading on Friday, reaching $34.02. The stock had a trading volume of 1,535,450 shares, compared to its average volume of 2,251,461. 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 firm has a fifty day simple moving average of $30.83 and a two-hundred day simple moving average of $35.20. The stock has a market cap of $5.38 billion, a PE ratio of 19.66 and a beta of 1.25. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on DAR shares. Robert W. Baird lowered their price target on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Stephens reiterated an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup reduced their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. TD Cowen cut their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $50.33.

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.