Darling Ingredients (NYSE:DAR) Shares Gap Down to $36.22

Darling Ingredients Inc. (NYSE:DAR) shares gapped down prior to trading on Wednesday . The stock had previously closed at $36.22, but opened at $35.44. Darling Ingredients shares last traded at $35.82, with a volume of 177,310 shares traded.

Analysts Set New Price Targets

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

Darling Ingredients Price Performance

The company’s 50 day simple moving average is $40.58 and its 200 day simple moving average is $43.48. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5.83 billion, a PE ratio of 10.93 and a beta of 1.26.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Darling Ingredients by 1,412.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares during the period. Rise Advisors LLC purchased a new stake in shares of Darling Ingredients during the 1st quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Darling Ingredients in the 4th quarter worth $29,000. Stone House Investment Management LLC boosted its holdings in Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Darling Ingredients by 483.8% during the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock valued at $40,000 after acquiring an additional 658 shares during the period. Institutional investors and hedge funds 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.