Darling Ingredients (NYSE:DAR) Stock Price Up 5.4% – Here’s Why

Darling Ingredients Inc. (NYSE:DAR)’s share price rose 5.4% during mid-day trading on Friday . The stock traded as high as $36.75 and last traded at $35.49. Approximately 533,753 shares were traded during trading, a decline of 66% from the average daily volume of 1,576,558 shares. The stock had previously closed at $33.66.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DAR. Piper Sandler dropped their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 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 has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Stock Up 7.9 %

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 stock’s 50-day moving average price is $37.35 and its 200-day moving average price is $37.55. The company has a market cap of $5.78 billion, a P/E ratio of 22.42 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) 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 the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. As a group, research analysts forecast that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently bought and sold shares of DAR. Blue Trust Inc. grew its holdings in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Darling Ingredients by 2.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after purchasing an additional 310 shares in the last quarter. Signaturefd LLC increased its holdings in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Darling Ingredients by 5.7% in the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after purchasing an additional 412 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD lifted its holdings in shares of Darling Ingredients by 1.6% in the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock valued at $1,103,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

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.