Two Sigma Investments LP Trims Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Two Sigma Investments LP reduced its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 75.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,698 shares of the company’s stock after selling 47,100 shares during the quarter. Two Sigma Investments LP’s holdings in Darling Ingredients were worth $529,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its position in Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. purchased a new position in Darling Ingredients during the 4th quarter valued at $86,000. First Horizon Advisors Inc. increased 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 valued at $102,000 after purchasing an additional 712 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Darling Ingredients during the 4th quarter valued at $109,000. Finally, CIBC Asset Management Inc increased its position in Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAR has been the topic of a number of research analyst reports. Citigroup reduced their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. TD Cowen dropped their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 25th. Robert W. Baird dropped their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $30.77 on Monday. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The stock has a market cap of $4.87 billion, a PE ratio of 17.78 and a beta of 1.18. 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 company’s fifty day moving average price is $31.61 and its 200-day moving average price is $34.05.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Company 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.