Darling Ingredients (NYSE:DAR) Shares Up 9.9% – Here’s Why

Darling Ingredients Inc. (NYSE:DAR) shot up 9.9% on Thursday . The company traded as high as $33.94 and last traded at $34.20. 738,928 shares changed hands during trading, a decline of 69% from the average session volume of 2,387,987 shares. The stock had previously closed at $31.12.

Analysts Set New Price Targets

DAR has been the subject of a number of research reports. UBS Group restated a “buy” rating and issued a $58.00 price target on shares of Darling Ingredients in a report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Friday. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday. Baird R W cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, Zacks Research cut shares of Darling Ingredients from a “hold” rating to a “strong sell” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Darling Ingredients Price Performance

The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.09 and a beta of 1.22. The business’s fifty day moving average price is $32.07 and its 200-day moving average price is $33.08. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Activity

In other news, CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at $24,162,032.04. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Peregrine Capital Management LLC lifted its position in shares of Darling Ingredients by 16.5% during the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company’s stock valued at $6,835,000 after purchasing an additional 30,952 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Darling Ingredients by 19.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock valued at $953,000 after purchasing an additional 4,933 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Darling Ingredients during the first quarter valued at about $255,000. Vanguard Group Inc. lifted its position in shares of Darling Ingredients by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after purchasing an additional 73,925 shares in the last quarter. Finally, Maven Securities LTD lifted its position in shares of Darling Ingredients by 328.9% during the first quarter. Maven Securities LTD now owns 32,168 shares of the company’s stock valued at $1,005,000 after purchasing an additional 24,668 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

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.