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

Darling Ingredients Inc. (NYSE:DAR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $53.12 and last traded at $52.3550, with a volume of 200910 shares changing hands. The stock had previously closed at $52.68.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. TD Cowen upped their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Darling Ingredients in a research note on Tuesday, February 17th. Piper Sandler boosted their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, UBS Group set a $50.00 price target on shares of Darling Ingredients in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 3.86. The firm’s 50-day moving average price is $42.53 and its 200 day moving average price is $36.38. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 134.41, a PEG ratio of 0.53 and a beta of 1.27.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a return on equity of 2.44% and a net margin of 1.02%.The business had revenue of $1.71 billion during the quarter. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after buying an additional 561 shares in the last quarter. Danske Bank A S acquired a new position in Darling Ingredients in the 3rd quarter valued at $25,000. Allworth Financial LP lifted its position in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth $29,000. Finally, Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth $29,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.