Point72 Europe London LLP Makes New Investment in Darling Ingredients Inc. $DAR

Key Points

• Point72 Europe London LLP has invested $2.45 million in Darling Ingredients Inc., acquiring 78,300 shares, reflective of growing institutional interest in the company.
• CEO Randall C. Stuewe sold 35,000 shares in August for over $1 million, reducing his ownership by 4.29% while still holding a significant stake valued at over $24 million.
• Analyst ratings on Darling Ingredients are mixed, with reports showing a consensus rating of Moderate Buy and varied target prices ranging from $36.00 to $50.00.

Point72 Europe London LLP bought a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 78,300 shares of the company's stock, valued at approximately $2,446,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DAR. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Darling Ingredients during the 1st quarter worth about $30,000. Hexagon Capital Partners LLC boosted its position in Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after buying an additional 500 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after acquiring an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after purchasing an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DAR. Baird R W lowered shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Robert W. Baird reissued a "neutral" rating and issued a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Piper Sandler cut their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.57.

Darling Ingredients Trading Down 3.2%

Shares of NYSE DAR traded down $1.04 during mid-day trading on Wednesday, hitting $31.91. The stock had a trading volume of 2,277,471 shares, compared to its average volume of 2,124,451. The business has a 50 day moving average price of $34.46 and a two-hundred day moving average price of $33.41. Darling Ingredients Inc. has a 1 year low of $26.00 and a 1 year high of $43.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The firm has a market cap of $5.05 billion, a P/E ratio of 48.34 and a beta of 1.16.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Activity

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.07% of the company's stock.

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.