Balyasny Asset Management L.P. Sells 299,275 Shares of Darling Ingredients Inc. (NYSE:DAR)

Balyasny Asset Management L.P. decreased its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,408 shares of the company's stock after selling 299,275 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.63% of Darling Ingredients worth $33,603,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after buying an additional 2,627,785 shares during the period. Norges Bank purchased a new position in Darling Ingredients during the fourth quarter valued at approximately $63,956,000. Assenagon Asset Management S.A. raised its stake in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after buying an additional 1,235,985 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company's stock valued at $217,425,000 after acquiring an additional 791,157 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Darling Ingredients by 266.7% in the 4th quarter. Franklin Resources Inc. now owns 973,556 shares of the company's stock worth $32,799,000 after acquiring an additional 708,035 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

NYSE:DAR opened at $32.52 on Tuesday. The firm's fifty day moving average is $30.97 and its two-hundred day moving average is $35.32. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 18.80 and a beta of 1.24. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $47.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. Research analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

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

Darling Ingredients 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.

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