Point72 Asset Management L.P. Purchases 115,924 Shares of Darling Ingredients Inc. (NYSE:DAR)

Point72 Asset Management L.P. grew its position in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 611,348 shares of the company's stock after purchasing an additional 115,924 shares during the period. Point72 Asset Management L.P. owned about 0.38% of Darling Ingredients worth $20,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after buying an additional 721 shares during the last quarter. Palouse Capital Management Inc. bought a new position in Darling Ingredients during the fourth quarter valued at about $86,000. First Horizon Advisors Inc. grew its position in Darling Ingredients by 30.9% during the fourth 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 during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in Darling Ingredients during the fourth quarter worth about $109,000. Hedge funds and other institutional investors own 94.44% of the company's stock.

Analysts Set New Price Targets

DAR has been the topic of a number of research analyst reports. TD Cowen dropped their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Robert W. Baird dropped their price objective 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. StockNews.com raised Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Stephens reissued an "overweight" rating and issued a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup dropped their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $46.00.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded down $2.28 during trading on Wednesday, hitting $31.54. 2,445,540 shares of the company were exchanged, compared to its average volume of 2,261,281. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The stock has a 50 day moving average of $31.43 and a 200 day moving average of $35.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market cap of $4.99 billion, a PE ratio of 18.23 and a beta of 1.25.

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 the consensus estimate 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 the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current 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.