Darling Ingredients (NYSE:DAR) Trading Up 4.7%

Darling Ingredients Inc. (NYSE:DAR) traded up 4.7% during mid-day trading on Thursday . The stock traded as high as $45.21 and last traded at $45.15. 3,134,323 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 2,066,884 shares. The stock had previously closed at $43.13.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Stephens reduced their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus reduced their price target on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Scotiabank reduced their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.23 billion, a P/E ratio of 11.41 and a beta of 1.29. The business’s 50-day simple moving average is $43.92 and its two-hundred day simple moving average is $44.57.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. Sell-side analysts expect that Darling Ingredients Inc. will post 3.29 EPS for the current year.

Insider Transactions at Darling Ingredients

In other news, Director Kurt Stoffel purchased 8,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its stake in Darling Ingredients by 14.7% in the fourth quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after purchasing an additional 247 shares in the last quarter. Xponance Inc. raised its stake in Darling Ingredients by 1.3% in the third quarter. Xponance Inc. now owns 19,806 shares of the company’s stock valued at $1,034,000 after purchasing an additional 250 shares in the last quarter. Signaturefd LLC raised its stake in Darling Ingredients by 34.2% in the fourth quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock valued at $54,000 after purchasing an additional 275 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Darling Ingredients by 6.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock valued at $229,000 after purchasing an additional 278 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Darling Ingredients by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock valued at $3,855,000 after purchasing an additional 279 shares in the last quarter. 94.44% of the stock is 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.