Darling Ingredients (NYSE:DAR) Sets New 52-Week High – Should You Buy?

Darling Ingredients Inc. (NYSE:DAR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.12 and last traded at $52.3550, with a volume of 200910 shares changing hands. The stock had previously closed at $52.68.

Analysts Set New Price Targets

Several research analysts recently commented on DAR shares. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Robert W. Baird set a $64.00 price objective on Darling Ingredients in a report on Friday, February 13th. TD Cowen boosted their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. Finally, Piper Sandler lifted their price objective on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Stock Down 0.2%

The firm has a fifty day simple moving average of $43.27 and a 200-day simple moving average of $36.61. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 135.79, a P/E/G ratio of 0.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The firm had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. boosted its position in shares of Darling Ingredients by 7.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock worth $16,557,000 after acquiring an additional 38,855 shares in the last quarter. Ninety One UK Ltd bought a new stake in Darling Ingredients during the third quarter worth $12,484,000. NFC Investments LLC boosted its holdings in shares of Darling Ingredients by 7.8% in the 2nd quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock valued at $18,134,000 after purchasing an additional 34,388 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Darling Ingredients by 440.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,130 shares of the company’s stock valued at $1,825,000 after purchasing an additional 48,186 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Darling Ingredients by 37.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,219 shares of the company’s stock valued at $1,303,000 after purchasing an additional 11,533 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.