Darling Ingredients (NYSE:DAR) Trading 4.2% Higher – What’s Next?

Darling Ingredients Inc. (NYSE:DAR)’s stock price was up 4.2% during trading on Friday . The stock traded as high as $42.83 and last traded at $42.79. Approximately 1,098,755 shares changed hands during trading, a decline of 49% from the average daily volume of 2,153,185 shares. The stock had previously closed at $41.08.

Analysts Set New Price Targets

Several equities analysts have weighed in on DAR shares. Jefferies Financial Group increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, TD Cowen decreased their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Price Performance

The stock has a market capitalization of $6.86 billion, a P/E ratio of 25.36 and a beta of 1.23. The company’s 50-day simple moving average is $37.63 and its 200-day simple moving average is $38.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Darling Ingredients by 23.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,404 shares of the company’s stock worth $484,000 after purchasing an additional 1,960 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Darling Ingredients by 16.9% in the first quarter. QRG Capital Management Inc. now owns 6,103 shares of the company’s stock worth $284,000 after acquiring an additional 883 shares during the period. Russell Investments Group Ltd. boosted its holdings in Darling Ingredients by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 287,893 shares of the company’s stock valued at $13,372,000 after acquiring an additional 811 shares during the last quarter. Entropy Technologies LP acquired a new stake in Darling Ingredients during the 1st quarter valued at approximately $348,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in Darling Ingredients by 3.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,723 shares of the company’s stock worth $7,475,000 after purchasing an additional 4,842 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

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.