Point72 Hong Kong Ltd Acquires Shares of 17,684 Darling Ingredients Inc. (NYSE:DAR)

Point72 Hong Kong Ltd acquired a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,684 shares of the company's stock, valued at approximately $596,000.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its stake in Darling Ingredients by 32.8% during the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company's stock worth $49,529,000 after purchasing an additional 328,893 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Darling Ingredients by 18.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock worth $299,000 after acquiring an additional 1,257 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $219,000. Avanza Fonder AB purchased a new stake in shares of Darling Ingredients during the fourth quarter worth about $145,000. Finally, Trium Capital LLP purchased a new position in Darling Ingredients during the fourth quarter worth approximately $181,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Up 0.7%

NYSE:DAR traded up $0.21 during mid-day trading on Thursday, reaching $31.71. The stock had a trading volume of 562,682 shares, compared to its average volume of 2,254,673. The business's 50 day moving average is $31.47 and its 200 day moving average is $35.00. Darling Ingredients Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The stock has a market cap of $5.02 billion, a P/E ratio of 18.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

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 analysts' consensus estimates 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 analyst estimates of $1.45 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen decreased their price objective on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Citigroup decreased their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Stephens reaffirmed an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Robert W. Baird reduced their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

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.