Schonfeld Strategic Advisors LLC Acquires Shares of 7,672 Darling Ingredients Inc. (NYSE:DAR)

Schonfeld Strategic Advisors LLC bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,672 shares of the company’s stock, valued at approximately $258,000.

A number of other large investors have also recently made changes to their positions in the stock. Sycomore Asset Management increased its holdings in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock worth $4,743,000 after purchasing an additional 65,444 shares during the period. KBC Group NV increased its stake in shares of Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after buying an additional 66,966 shares during the period. AXQ Capital LP purchased a new position in shares of Darling Ingredients during the fourth quarter valued at $735,000. Assenagon Asset Management S.A. raised its holdings in shares of Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Darling Ingredients in the fourth quarter worth about $13,769,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DAR shares. Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Robert W. Baird reduced their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Citigroup cut their price target on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $36.69 on Wednesday. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $47.28. The business’s fifty day simple moving average is $30.95 and its 200-day simple moving average is $35.17. 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 has a market cap of $5.80 billion, a PE ratio of 21.21 and a beta of 1.25.

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

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.