Darling Ingredients (NYSE:DAR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Darling Ingredients Inc. (NYSE:DAR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.57 and traded as high as $59.11. Darling Ingredients shares last traded at $58.6970, with a volume of 1,876,021 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DAR. Robert W. Baird increased their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. TD Cowen increased their target price on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group increased their target price on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Scotiabank increased their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen lowered Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average target price of $69.00.

Darling Ingredients Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The company has a market capitalization of $9.37 billion, a PE ratio of 42.73 and a beta of 1.07. The company has a 50 day moving average price of $60.70 and a 200 day moving average price of $48.76.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. Equities analysts forecast that Darling Ingredients Inc. will post 4.68 EPS for the current year.

Insider Transactions at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction dated 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Darling Ingredients by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after buying an additional 512,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after buying an additional 47,565 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Darling Ingredients by 6.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after buying an additional 287,665 shares during the last quarter. Davis Selected Advisers lifted its holdings in Darling Ingredients by 15.8% during the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after buying an additional 388,366 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Darling Ingredients by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock worth $102,249,000 after buying an additional 76,151 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

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.