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

Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week low on Wednesday . The stock traded as low as $30.03 and last traded at $30.83, with a volume of 2985529 shares trading hands. The stock had previously closed at $30.43.

Analysts Set New Price Targets

DAR has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup cut their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Trading Down 3.4 %

The stock has a 50-day moving average price of $36.35 and a two-hundred day moving average price of $37.22. The stock has a market capitalization of $4.53 billion, a PE ratio of 16.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after acquiring an additional 203,921 shares during the period. Gates Capital Management Inc. raised its stake in Darling Ingredients by 11.4% during the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock valued at $224,660,000 after purchasing an additional 682,529 shares during the period. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock valued at $217,425,000 after purchasing an additional 791,157 shares during the period. State Street Corp lifted its holdings in Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock worth $199,096,000 after purchasing an additional 289,407 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock worth $148,005,000 after purchasing an additional 2,627,785 shares during the period. Institutional investors own 94.44% of the company’s stock.

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.