78,300 Shares in Darling Ingredients Inc. $DAR Acquired by Point72 Europe London LLP

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 acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 78,300 shares of the company's stock, valued at approximately $2,446,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $25,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Darling Ingredients during the 1st quarter valued at $30,000. Hexagon Capital Partners LLC raised its stake in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. raised its stake in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after purchasing an additional 1,373 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Darling Ingredients by 101.3% during 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 period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Price Performance

DAR stock traded up $0.50 during mid-day trading on Friday, hitting $32.07. 1,724,585 shares of the stock were exchanged, compared to its average volume of 2,106,425. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The business has a fifty day moving average price of $34.20 and a 200 day moving average price of $33.28. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 48.59 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 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. Darling Ingredients's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Robert W. Baird restated a "neutral" rating and issued a $36.00 target price (down from $40.00) on shares of Darling Ingredients 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. Finally, JPMorgan Chase & Co. initiated coverage on Darling Ingredients in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 target price on the stock. One research 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. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and an average price target of $43.57.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.62% of the company's stock.

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.