Darling Ingredients (NYSE:DAR) Reaches New 1-Year High – Here’s Why

Darling Ingredients Inc. (NYSE:DAR) hit a new 52-week high during trading on Tuesday . The company traded as high as $54.24 and last traded at $54.20, with a volume of 1792620 shares changing hands. The stock had previously closed at $53.16.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAR. Piper Sandler lifted their target price on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a research note on Tuesday, February 17th. TD Cowen boosted their price objective on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Trading Down 0.1%

The firm’s fifty day simple moving average is $44.76 and its 200 day simple moving average is $37.28. The stock has a market capitalization of $8.43 billion, a P/E ratio of 136.72, a price-to-earnings-growth ratio of 0.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. The business had revenue of $1.71 billion for the quarter. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Several institutional investors and hedge funds have recently modified their holdings of DAR. Hantz Financial Services Inc. grew its position in Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $25,000. Allworth Financial LP grew its holdings in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Darling Ingredients during the 3rd quarter worth approximately $29,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients during the 4th quarter worth approximately $29,000. 94.44% of the stock is currently owned by institutional investors.

About Darling Ingredients

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.