Darling Ingredients (NYSE:DAR) Shares Gap Up – Here’s What Happened

Darling Ingredients Inc. (NYSE:DAR) shares gapped up prior to trading on Thursday . The stock had previously closed at $34.73, but opened at $36.61. Darling Ingredients shares last traded at $36.34, with a volume of 236,761 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup decreased their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.22.

Darling Ingredients Price Performance

The firm has a 50-day moving average of $35.82 and a 200 day moving average of $37.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $5.97 billion, a PE ratio of 23.15 and a beta of 1.21.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC raised its position in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. boosted its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares during the period. Institutional investors own 94.44% of the company’s stock.

About Darling Ingredients

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.