Darling Ingredients (NYSE:DAR) Stock Price Down 5.3% – Here’s Why

Darling Ingredients Inc. (NYSE:DAR) shares fell 5.3% during mid-day trading on Monday . The company traded as low as $33.39 and last traded at $33.39. 1,439,050 shares changed hands during trading, a decline of 37% from the average session volume of 2,281,150 shares. The stock had previously closed at $35.25.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DAR. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Robert W. Baird decreased their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Stephens restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup decreased their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, TD Cowen decreased their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Darling Ingredients Price Performance

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 capitalization of $5.41 billion, a P/E ratio of 19.76 and a beta of 1.25. The business has a 50 day simple moving average of $31.23 and a 200-day simple moving average of $35.07.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC grew 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 worth $148,005,000 after acquiring an additional 2,627,785 shares during the period. Norges Bank acquired a new position in Darling Ingredients during the fourth quarter worth about $63,956,000. Gates Capital Management Inc. grew its holdings in Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after acquiring an additional 1,247,117 shares during the period. Dimensional Fund Advisors LP grew its holdings in Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after acquiring an additional 1,026,958 shares during the period. Finally, American Century Companies Inc. grew its holdings in Darling Ingredients by 155.5% during the first quarter. American Century Companies Inc. now owns 1,479,369 shares of the company’s stock worth $46,215,000 after acquiring an additional 900,461 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

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.