Point72 Asset Management L.P. Has $18.41 Million Holdings in Darling Ingredients Inc. (NYSE:DAR)

Point72 Asset Management L.P. increased its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 209.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 495,424 shares of the company’s stock after purchasing an additional 335,173 shares during the quarter. Point72 Asset Management L.P. owned 0.31% of Darling Ingredients worth $18,410,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Algert Global LLC lifted its holdings in shares of Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after acquiring an additional 75,540 shares during the period. Erste Asset Management GmbH acquired a new position in Darling Ingredients during the third quarter valued at approximately $30,545,000. Natixis Advisors LLC lifted its stake in Darling Ingredients by 23.2% during the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock worth $4,010,000 after purchasing an additional 20,323 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Darling Ingredients by 4.1% in the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock valued at $40,635,000 after purchasing an additional 42,921 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Darling Ingredients by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock valued at $50,210,000 after purchasing an additional 15,414 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Up 1.0 %

DAR opened at $35.94 on Friday. 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 Inc. has a fifty-two week low of $32.67 and a fifty-two week high of $51.36. The company’s 50 day moving average price is $38.92 and its two-hundred day moving average price is $38.20. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 22.19 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. Darling Ingredients’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. As a group, research analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DAR has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler reduced their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. TD Cowen decreased their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

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.