Two Sigma Investments LP Sells 47,100 Shares of Darling Ingredients Inc. (NYSE:DAR)

Two Sigma Investments LP cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,698 shares of the company's stock after selling 47,100 shares during the quarter. Two Sigma Investments LP's holdings in Darling Ingredients were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. M&T Bank Corp lifted its position in Darling Ingredients by 3.3% during the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock valued at $303,000 after purchasing an additional 286 shares during the last quarter. Ironwood Investment Management LLC lifted its position in Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock valued at $1,414,000 after purchasing an additional 297 shares during the last quarter. CIBC Asset Management Inc lifted its position in Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock valued at $206,000 after purchasing an additional 337 shares during the last quarter. Metis Global Partners LLC lifted its position in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock valued at $330,000 after purchasing an additional 406 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Darling Ingredients by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock valued at $2,348,000 after purchasing an additional 440 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 1.1%

Shares of NYSE DAR opened at $30.77 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $43.49. The firm's fifty day moving average is $31.61 and its 200 day moving average is $34.05. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 17.78 and a beta of 1.18.

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 firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

DAR has been the subject of several research analyst reports. Robert W. Baird dropped their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. TD Cowen decreased their price target 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. Finally, Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

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.

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