Bryce Point Capital LLC Purchases Shares of 14,450 Darling Ingredients Inc. (NYSE:DAR)

Bryce Point Capital LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,450 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB grew its stake in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $86,000. First Horizon Advisors Inc. lifted its stake in Darling Ingredients by 30.9% during the fourth 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 last quarter. Finally, Avanza Fonder AB bought a new stake in Darling Ingredients during the fourth quarter worth approximately $145,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Price Performance

NYSE DAR opened at $29.21 on Friday. 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 firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 16.88 and a beta of 1.19. The company has a 50 day simple moving average of $34.63 and a 200-day simple moving average of $36.32. Darling Ingredients Inc. has a 52-week low of $27.20 and a 52-week high of $48.39.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Equities research analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAR has been the subject of a number of recent research reports. TD Cowen cut their price objective on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Friday. Citigroup reduced their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.