Short Interest in Darling Ingredients Inc. (NYSE:DAR) Expands By 9.5%

Darling Ingredients Inc. (NYSE:DARGet Free Report) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 10,520,000 shares, an increase of 9.5% from the May 15th total of 9,610,000 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,470,000 shares, the short-interest ratio is presently 4.3 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on DAR shares. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, June 12th. Scotiabank decreased their target price on 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. Stifel Nicolaus cut their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Finally, BMO Capital Markets cut their price objective on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.45.

Check Out Our Latest Stock Report on Darling Ingredients

Darling Ingredients Stock Down 0.9 %

NYSE DAR traded down $0.31 during trading on Monday, hitting $35.21. 2,201,003 shares of the company traded hands, compared to its average volume of 2,283,136. Darling Ingredients has a 12 month low of $34.83 and a 12 month high of $71.60. The business has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $44.09. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $5.63 billion, a P/E ratio of 10.63 and a beta of 1.26.

Darling Ingredients (NYSE:DARGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, sell-side analysts predict that Darling Ingredients will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its holdings in Darling Ingredients by 111.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after purchasing an additional 15,933 shares in the last quarter. NFC Investments LLC acquired a new stake in Darling Ingredients during the fourth quarter valued at approximately $22,473,000. Jennison Associates LLC boosted its holdings in Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock valued at $50,250,000 after purchasing an additional 226,134 shares in the last quarter. Gates Capital Management Inc. acquired a new stake in Darling Ingredients during the fourth quarter valued at approximately $88,885,000. Finally, Bank of Nova Scotia bought a new position in shares of Darling Ingredients in the fourth quarter valued at approximately $8,109,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

(Get Free Report)

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.

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