Darling Ingredients (NYSE:DAR) Reaches New 52-Week Low at $33.88

Darling Ingredients Inc. (NYSE:DAR)’s share price reached 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 changing hands. The stock had previously closed at $35.24.

Analysts Set New Price Targets

A number of brokerages have issued reports on DAR. TD Cowen decreased their price target on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. Stifel Nicolaus dropped their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a report on Monday, May 20th. Scotiabank reduced their target price on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Jefferies Financial Group dropped their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Darling Ingredients Stock Down 3.5 %

The firm has a market capitalization of $5.41 billion, a PE ratio of 10.17 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 1.57 and a debt-to-equity ratio of 0.95. The firm’s 50 day moving average price is $38.32 and its two-hundred day moving average price is $40.75.

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

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day bought 2,532 shares of the stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price 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 in the company, valued at $496,337.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Institutional Trading of Darling Ingredients

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Darling Ingredients by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock worth $726,056,000 after purchasing an additional 232,583 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Darling Ingredients by 52.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock valued at $192,445,000 after acquiring an additional 1,800,809 shares during the period. Bank of New York Mellon Corp raised its stake in Darling Ingredients by 24.9% during the 1st quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock valued at $199,028,000 after acquiring an additional 851,886 shares in the last quarter. Earnest Partners LLC boosted its position in Darling Ingredients by 14.0% during the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after acquiring an additional 470,170 shares during the period. Finally, Norges Bank acquired a new position in shares of Darling Ingredients during the fourth quarter valued at $94,650,000. 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.