Darling Ingredients Inc. (NYSE:DAR) Holdings Boosted by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its holdings in Darling Ingredients Inc. (NYSE:DAR) by 23.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 611,348 shares of the company’s stock after acquiring an additional 115,924 shares during the period. Point72 Asset Management L.P.’s holdings in Darling Ingredients were worth $20,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds 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 fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB grew its position in Darling Ingredients by 157.1% in the fourth 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. purchased a new position in Darling Ingredients during the 4th quarter worth approximately $86,000. First Horizon Advisors Inc. grew its position in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock worth $102,000 after purchasing an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Darling Ingredients during the 4th quarter worth approximately $109,000. Institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of research reports. Robert W. Baird decreased 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 note on Friday, April 25th. TD Cowen cut their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th. Citigroup cut their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $35.28 on Friday. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-year high of $43.55. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $35.09. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 20.39 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its quarterly 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 net margin of 4.88% and a return on equity of 6.04%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned $0.50 earnings per share. Darling Ingredients’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal 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.