Short Interest in Darling Ingredients Inc. (NYSE:DAR) Rises By 10.1%

Darling Ingredients Inc. (NYSE:DARGet Free Report) was the recipient of a significant increase in short interest in the month of 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 company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAR. Citigroup lifted their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target (down previously from $120.00) on shares of Darling Ingredients in a research note on Wednesday, March 6th. BMO Capital Markets cut their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, Stephens cut their price target on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.00.

View Our Latest Analysis on Darling Ingredients

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel purchased 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were acquired at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the acquisition, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DAR. HighTower Advisors LLC boosted its holdings in shares of Darling Ingredients by 97.9% during the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock worth $1,133,000 after purchasing an additional 6,999 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Darling Ingredients by 20.4% during the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock worth $1,697,000 after purchasing an additional 3,563 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Darling Ingredients in the first quarter valued at approximately $141,000. Panagora Asset Management Inc. acquired a new position in Darling Ingredients in the first quarter valued at approximately $447,000. Finally, Great West Life Assurance Co. Can lifted its holdings in Darling Ingredients by 8.2% in the first quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock valued at $7,366,000 after acquiring an additional 6,770 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

NYSE:DAR traded down $0.68 during trading hours on Wednesday, hitting $43.55. 526,944 shares of the stock were exchanged, compared to its average volume of 1,958,213. Darling Ingredients has a 52-week low of $38.97 and a 52-week high of $71.60. The firm’s fifty day moving average price is $43.51 and its 200 day moving average price is $45.44. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.96 billion, a P/E ratio of 10.98 and a beta of 1.29.

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

Darling Ingredients Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.