Darling Ingredients (NYSE:DAR) Sets New 1-Year Low at $33.88

Darling Ingredients Inc. (NYSE:DAR)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $33.88 and last traded at $33.90, with a volume of 904820 shares. The stock had previously closed at $35.24.

Wall Street Analyst Weigh In

DAR has been the subject of a number of research reports. Scotiabank decreased their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Jefferies Financial Group lowered their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 26th. TD Cowen cut their price target 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. Citigroup raised shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus reduced their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Darling Ingredients Trading Down 3.5 %

The company has a market cap of $5.41 billion, a PE ratio of 10.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The company has a 50 day simple moving average of $38.32 and a two-hundred day simple moving average of $40.75.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.47 EPS for the current year.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day bought 2,532 shares of Darling Ingredients stock in a transaction on Wednesday, July 31st. The stock was purchased at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in shares of 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 bought a new stake in Darling Ingredients during the first quarter valued at about $25,000. Riverview Trust Co bought a new stake in Darling Ingredients during the first quarter valued at about $55,000. Quarry LP grew its position in shares of Darling Ingredients by 893.8% in the second quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after purchasing an additional 2,324 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Darling Ingredients by 24.7% in the fourth quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock worth $98,000 after purchasing an additional 389 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.