Darling Ingredients (NYSE:DAR) Stock Price Down 4.7%

Darling Ingredients Inc. (NYSE:DAR)’s share price dropped 4.7% during trading on Friday . The stock traded as low as $71.56 and last traded at $71.56. Approximately 3,958 shares traded hands during trading, a decline of 100% from the average daily volume of 1,513,779 shares. The stock had previously closed at $75.09.

Several analysts have issued reports on the stock. Piper Sandler began coverage on shares of Darling Ingredients in a research report on Tuesday, March 2nd. They issued an “overweight” rating and a $95.00 price objective for the company. Citigroup started coverage on shares of Darling Ingredients in a report on Wednesday. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, May 24th. BMO Capital Markets lifted their price objective on Darling Ingredients from $72.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, May 13th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of Darling Ingredients in a research report on Wednesday. They set a “buy” rating and a $110.00 price target for the company. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $74.92.

The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 32.74 and a beta of 1.06. The firm has a 50-day moving average price of $71.49. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.47.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, May 11th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.57 by $0.33. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Darling Ingredients had a net margin of 9.64% and a return on equity of 13.67%. Darling Ingredients’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.85 EPS for the current year.

In other Darling Ingredients news, Director Charles L. Adair purchased 500 shares of the firm’s stock in a transaction dated Thursday, May 20th. The stock was bought at an average price of $65.84 per share, with a total value of $32,920.00. Following the completion of the purchase, the director now owns 33,734 shares in the company, valued at approximately $2,221,046.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.52% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Darling Ingredients by 410.8% in the first quarter. Rockefeller Capital Management L.P. now owns 378 shares of the company’s stock valued at $27,000 after acquiring an additional 304 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Darling Ingredients during the 1st quarter valued at $36,000. Jones Financial Companies Lllp bought a new stake in shares of Darling Ingredients in the 1st quarter worth $38,000. AllSquare Wealth Management LLC acquired a new stake in shares of Darling Ingredients in the first quarter valued at $38,000. Finally, TCI Wealth Advisors Inc. boosted its stake in Darling Ingredients by 156.6% during the first quarter. TCI Wealth Advisors Inc. now owns 544 shares of the company’s stock valued at $40,000 after buying an additional 332 shares in the last quarter. Institutional investors own 97.68% of the company’s stock.

Darling Ingredients Company Profile (NYSE:DAR)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

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