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

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company's stock worth $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock valued at $38,000 after acquiring an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $58,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after acquiring an additional 758 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 1.1 %

Shares of DAR stock traded up $0.38 during trading on Friday, hitting $35.95. 2,052,751 shares of the company were exchanged, compared to its average volume of 2,358,105. The business's 50-day simple moving average is $38.92 and its 200 day simple moving average is $38.20. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 22.19 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAR. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Piper Sandler reduced 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 note on Friday, October 11th. Jefferies Financial Group raised 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. Finally, TD Cowen cut 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients presently has an average 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.