Darling Ingredients (NYSE:DAR) Hits New 52-Week High – Still a Buy?

Shares of Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week high during trading on Monday . The stock traded as high as $64.93 and last traded at $63.43, with a volume of 2010 shares trading hands. The stock had previously closed at $64.65.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler increased their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Robert W. Baird increased their target price on shares of Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen increased their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating and set a $61.00 target price on shares of Darling Ingredients in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.80.

Darling Ingredients Trading Down 0.8%

The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a market cap of $10.06 billion, a PE ratio of 162.53, a P/E/G ratio of 0.48 and a beta of 1.08. The company’s 50-day moving average is $53.86 and its 200 day moving average is $41.59.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $1.71 billion during the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Activity at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its position in shares of Darling Ingredients by 3.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after acquiring an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Darling Ingredients by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock valued at $1,508,000 after acquiring an additional 304 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Darling Ingredients by 1.3% in the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock valued at $875,000 after acquiring an additional 318 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of Darling Ingredients by 1.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock valued at $731,000 after acquiring an additional 342 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Darling Ingredients by 21.2% in the 4th quarter. UMB Bank n.a. now owns 2,026 shares of the company’s stock valued at $73,000 after acquiring an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

About Darling Ingredients

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.