Darling Ingredients (NYSE:DAR) Sets New 12-Month Low – Here’s Why

Shares of Darling Ingredients Inc. (NYSE:DAR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $32.31 and last traded at $32.43, with a volume of 884378 shares traded. The stock had previously closed at $33.49.

Analyst Ratings Changes

A number of brokerages recently weighed in on DAR. Citigroup dropped their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Stock Down 2.3 %

The firm’s fifty day simple moving average is $36.57 and its 200-day simple moving average is $37.51. The company has a market cap of $5.20 billion, a PE ratio of 18.91 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock valued at $148,005,000 after buying an additional 2,627,785 shares during the last quarter. Norges Bank acquired a new position in Darling Ingredients in the 4th quarter valued at $63,956,000. Assenagon Asset Management S.A. boosted its holdings in shares of Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Darling Ingredients by 2,140.4% in the third quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after purchasing an additional 838,047 shares during the period. Finally, Erste Asset Management GmbH acquired a new position in Darling Ingredients in the third quarter valued at $30,545,000. 94.44% of the stock is currently owned by hedge funds and other 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.