Darling Ingredients Inc. (NYSE:DAR) Short Interest Update

Darling Ingredients Inc. (NYSE:DARGet Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 8,040,000 shares, an increase of 10.1% from the February 29th total of 7,300,000 shares. Based on an average daily trading volume, of 1,880,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 5.1% of the shares of the stock are sold short.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $43.82 on Wednesday. The stock has a fifty day moving average of $43.51 and a 200 day moving average of $45.44. Darling Ingredients has a 52 week low of $38.97 and a 52 week high of $71.60. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 11.11 and a beta of 1.29. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. As a group, research analysts expect that Darling Ingredients will post 3.63 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the purchase, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.26% of the company’s stock.

Institutional Trading of Darling Ingredients

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC lifted its position in Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after buying an additional 7,656,389 shares during the period. Norges Bank purchased a new position in Darling Ingredients during the fourth quarter valued at $135,362,000. Balyasny Asset Management L.P. purchased a new position in Darling Ingredients during the fourth quarter valued at $92,661,000. Gates Capital Management Inc. purchased a new position in Darling Ingredients during the fourth quarter valued at $88,885,000. Finally, Triodos Investment Management BV purchased a new position in Darling Ingredients during the third quarter valued at $34,698,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DAR. Citigroup reduced their price target on shares of Darling Ingredients from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price target (down from $120.00) on shares of Darling Ingredients in a research report on Wednesday, March 6th. 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 research report on Thursday, February 29th. Finally, Stephens reduced their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.80.

Read Our Latest Report on Darling Ingredients

About Darling Ingredients

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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.

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