Darling Ingredients (NYSE:DAR) Trading Down 6.2% – What’s Next?

Darling Ingredients Inc. (NYSE:DAR) fell 6.2% during mid-day trading on Wednesday . The stock traded as low as $39.34 and last traded at $39.26. 261,812 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,068,126 shares. The stock had previously closed at $41.85.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DAR shares. Stephens reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.

Darling Ingredients Stock Performance

The stock’s 50-day moving average is $35.93 and its 200-day moving average is $37.54. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 22.29 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Natixis Advisors LLC grew its position in Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after buying an additional 20,323 shares in the last quarter. Algert Global LLC boosted its stake in Darling Ingredients by 266.6% in the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after purchasing an additional 75,540 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Darling Ingredients in the third quarter valued at $30,545,000. Sycomore Asset Management grew its holdings in shares of Darling Ingredients by 101.2% during the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after buying an additional 65,444 shares in the last quarter. Finally, KBC Group NV boosted its position in Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after acquiring an additional 66,966 shares during the period. Institutional investors and hedge funds 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.