Darling Ingredients (NYSE:DAR) Sets New 52-Week Low at $34.57

Shares of Darling Ingredients Inc. (NYSE:DAR) hit a new 52-week low on Tuesday . The company traded as low as $34.57 and last traded at $34.58, with a volume of 177084 shares trading hands. The stock had previously closed at $35.21.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DAR. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. TD Cowen reduced their price target on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Scotiabank dropped their price objective on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, Stifel Nicolaus decreased their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.45.

Darling Ingredients Trading Down 2.0 %

The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The business has a 50-day simple moving average of $41.43 and a 200-day simple moving average of $43.88. The company has a market cap of $5.51 billion, a PE ratio of 10.33 and a beta of 1.26.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. Darling Ingredients’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. On average, analysts predict that Darling Ingredients Inc. will post 2.67 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Several hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund increased its holdings in Darling Ingredients by 111.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock worth $1,506,000 after purchasing an additional 15,933 shares during the period. NFC Investments LLC purchased a new stake in shares of Darling Ingredients during the fourth quarter worth approximately $22,473,000. Goldman Sachs Group Inc. raised its holdings in Darling Ingredients by 15.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock valued at $79,499,000 after acquiring an additional 213,763 shares in the last quarter. Jennison Associates LLC lifted its stake in Darling Ingredients by 28.9% during the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after purchasing an additional 226,134 shares during the last quarter. Finally, Gates Capital Management Inc. purchased a new position in Darling Ingredients in the fourth quarter valued at approximately $88,885,000. 94.44% of the stock is currently 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.