Point72 DIFC Ltd purchased a new stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,200 shares of the company's stock, valued at approximately $528,000.
Other institutional investors also recently bought and sold shares of the company. Red Door Wealth Management LLC boosted its holdings in shares of Darling Ingredients by 15.0% in the 2nd quarter. Red Door Wealth Management LLC now owns 90,841 shares of the company's stock valued at $3,338,000 after buying an additional 11,869 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Darling Ingredients in the second quarter valued at $140,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Darling Ingredients during the second quarter worth about $196,000. Lecap Asset Management Ltd. acquired a new stake in shares of Darling Ingredients during the second quarter worth about $1,307,000. Finally, Access Investment Management LLC increased its position in shares of Darling Ingredients by 641.8% during the second quarter. Access Investment Management LLC now owns 268,055 shares of the company's stock worth $9,851,000 after purchasing an additional 231,920 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.
Darling Ingredients Stock Performance
NYSE:DAR traded up $0.38 during midday trading on Friday, reaching $35.95. The stock had a trading volume of 2,052,751 shares, compared to its average volume of 2,358,105. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a market cap of $5.72 billion, a P/E ratio of 22.19 and a beta of 1.19. The firm has a fifty day simple moving average of $38.92 and a two-hundred day simple moving average of $38.20. Darling Ingredients Inc. has a 12-month low of $32.67 and a 12-month high of $51.36.
Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results 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 firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm's revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on DAR shares. Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. TD Cowen cut their target price 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, Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of "Moderate Buy" and an average price target of $53.44.
Check Out Our Latest Research Report on Darling Ingredients
About Darling Ingredients
(
Free Report)
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.
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