Darling Ingredients (NYSE:DAR) Shares Gap Down – What’s Next?

Darling Ingredients Inc. (NYSE:DAR)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $38.25, but opened at $36.50. Darling Ingredients shares last traded at $37.97, with a volume of 798,432 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DAR shares. TD Cowen dropped their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Jefferies Financial Group cut their price objective on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 7th. Piper Sandler decreased their target price on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Scotiabank cut their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.70.

Darling Ingredients Stock Down 1.8 %

The company has a market cap of $6.00 billion, a PE ratio of 11.19 and a beta of 1.24. The business has a 50-day simple moving average of $37.67 and a 200-day simple moving average of $39.06. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.26 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Robert W. Day purchased 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average cost of $39.37 per share, with a total value 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 approximately $496,337.59. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DAR. DekaBank Deutsche Girozentrale lifted its position in Darling Ingredients by 219.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 103,814 shares of the company’s stock worth $3,897,000 after buying an additional 71,314 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Darling Ingredients by 16.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,778 shares of the company’s stock worth $252,000 after purchasing an additional 952 shares during the period. Ballentine Partners LLC grew its stake in shares of Darling Ingredients by 31.4% in the 3rd quarter. Ballentine Partners LLC now owns 9,481 shares of the company’s stock valued at $352,000 after buying an additional 2,268 shares during the period. Keene & Associates Inc. purchased a new stake in shares of Darling Ingredients during the 3rd quarter valued at approximately $483,000. Finally, Community Trust & Investment Co. lifted its holdings in Darling Ingredients by 8.5% in the third quarter. Community Trust & Investment Co. now owns 192,897 shares of the company’s stock valued at $7,168,000 after acquiring an additional 15,049 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.