Darling Ingredients (NYSE:DAR) Hits New 12-Month High – Here’s Why

Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week high during trading on Monday . The stock traded as high as $62.38 and last traded at $61.16, with a volume of 659140 shares changing hands. The stock had previously closed at $59.28.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAR. Jefferies Financial Group reiterated a “buy” rating and set a $66.00 price objective on shares of Darling Ingredients in a research note on Friday, February 13th. Piper Sandler raised their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. TD Cowen lifted their target price 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. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Robert W. Baird set a $64.00 price objective on Darling Ingredients in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.90.

Darling Ingredients Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. The stock has a fifty day simple moving average of $51.75 and a two-hundred day simple moving average of $40.49. The stock has a market cap of $9.81 billion, a PE ratio of 158.45, a PEG ratio of 0.44 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. Equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DAR. ASR Vermogensbeheer N.V. raised its position in shares of Darling Ingredients by 7.8% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after purchasing an additional 38,855 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Darling Ingredients by 4.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock worth $43,552,000 after buying an additional 56,662 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Darling Ingredients by 94.2% during the third quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock worth $2,329,000 after buying an additional 36,593 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Darling Ingredients in the third quarter worth $12,484,000. Finally, Citigroup Inc. raised its holdings in Darling Ingredients by 134.4% in the third quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after acquiring an additional 247,311 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Company Profile

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.