Darling Ingredients (NYSE:DAR) Hits New 1-Year Low – What’s Next?

Shares of Darling Ingredients Inc. (NYSE:DAR) hit a new 52-week low on Monday . The stock traded as low as $32.55 and last traded at $32.81, with a volume of 145359 shares traded. The stock had previously closed at $33.06.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, TD Cowen lowered their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Price Performance

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 $5.25 billion, a P/E ratio of 20.37 and a beta of 1.19. The business has a 50-day simple moving average of $38.61 and a 200 day simple moving average of $37.79.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts forecast that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Institutional Trading of Darling Ingredients

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC increased its stake in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. lifted its position 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 valued at $38,000 after acquiring an additional 288 shares during the period. Ashton Thomas Securities LLC bought a new position in Darling Ingredients during the third quarter worth $58,000. Finally, Farther Finance Advisors LLC boosted its stake in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after acquiring an additional 758 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

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.