Point72 DIFC Ltd Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

Point72 DIFC Ltd bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the third quarter, HoldingsChannel.com reports. The firm bought 14,200 shares of the company’s stock, valued at approximately $528,000.

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

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $35.94 on Friday. Darling Ingredients Inc. has a 1 year low of $32.67 and a 1 year high of $51.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $5.72 billion, a P/E ratio of 22.19 and a beta of 1.19. The business has a 50 day moving average of $38.92 and a 200-day moving average of $38.20.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, equities research analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on DAR. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Darling Ingredients 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.