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

Darling Ingredients Inc. (NYSE:DAR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $47.82 and last traded at $47.3860, with a volume of 3399583 shares changing hands. The stock had previously closed at $45.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research note on Monday, November 3rd. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $48.88.

Darling Ingredients Trading Up 3.8%

The company’s fifty day moving average is $38.12 and its two-hundred day moving average is $34.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 70.73, a P/E/G ratio of 0.55 and a beta of 1.27.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $1.40 billion for the quarter. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. On average, research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds have recently added to or reduced their stakes in DAR. Hantz Financial Services Inc. raised its stake in shares of Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after buying an additional 561 shares during the last quarter. Danske Bank A S acquired a new stake in Darling Ingredients during the third quarter worth about $25,000. Sound Income Strategies LLC purchased a new position in Darling Ingredients during the third quarter valued at approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in Darling Ingredients in the third quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC boosted its position in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 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 (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.