Darling Ingredients (NYSE:DAR) Trading Up 3.7% – Here’s What Happened

Darling Ingredients Inc. (NYSE:DAR)’s stock price was up 3.7% during trading on Wednesday . The company traded as high as $30.79 and last traded at $30.78. Approximately 252,892 shares changed hands during trading, a decline of 88% from the average daily volume of 2,109,822 shares. The stock had previously closed at $29.67.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of recent analyst reports. Citigroup cut their price target 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. Stephens reissued an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. 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 company’s stock. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Stock Down 1.0 %

The company’s fifty day simple moving average is $35.17 and its 200 day simple moving average is $36.45. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.99 billion, a PE ratio of 18.25 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released 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%. Analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

A number of hedge funds have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its position in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $86,000. First Horizon Advisors Inc. increased its position in Darling Ingredients by 30.9% during the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after buying an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Darling Ingredients during the fourth quarter valued at $109,000. Institutional investors own 94.44% of the company’s stock.

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.