Darling Ingredients (NYSE:DAR) Sets New 1-Year Low – What’s Next?

Darling Ingredients Inc. (NYSE:DAR)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $30.03 and last traded at $30.83, with a volume of 2985529 shares changing hands. The stock had previously closed at $30.43.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAR shares. StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.75.

Darling Ingredients Stock Performance

The business’s fifty day moving average is $36.49 and its 200-day moving average is $37.34. 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 company has a market cap of $4.90 billion, a PE ratio of 17.82 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. As a group, research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients during the 4th quarter valued at about $25,000. B. Riley Wealth Advisors Inc. bought a new stake in Darling Ingredients during the 4th quarter worth approximately $1,021,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Darling Ingredients by 148.9% during 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 purchasing an additional 2,627,785 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $314,000. Finally, Sourcerock Group LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter worth $5,054,000. 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.