Darling Ingredients (NYSE:DAR) Sets New 1-Year Low on Analyst Downgrade

Darling Ingredients Inc. (NYSE:DAR) shares hit a new 52-week low during trading on Monday after TD Cowen lowered their price target on the stock from $43.00 to $37.00. TD Cowen currently has a hold rating on the stock. Darling Ingredients traded as low as $27.02 and last traded at $27.34, with a volume of 153602 shares traded. The stock had previously closed at $29.22.

Several other analysts have also recently commented on DAR. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently bought and sold shares of DAR. Sycomore Asset Management boosted its holdings in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock worth $4,743,000 after acquiring an additional 65,444 shares in the last quarter. KBC Group NV raised its position in Darling Ingredients by 180.1% in the 4th 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 last quarter. AXQ Capital LP bought a new position in Darling Ingredients during the 4th quarter valued at $735,000. Assenagon Asset Management S.A. boosted its holdings in Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after acquiring an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Darling Ingredients in the 4th quarter worth $13,769,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Performance

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 company’s fifty day moving average price is $34.63 and its 200 day moving average price is $36.33. The company has a market cap of $4.77 billion, a PE ratio of 17.47 and a beta of 1.19.

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