Darling Ingredients (NYSE:DAR) Trading Up 3.7% – Should You Buy?

Darling Ingredients Inc. (NYSE:DAR)’s stock price traded up 3.7% during trading on Wednesday . The stock traded as high as $30.79 and last traded at $30.78. 252,892 shares changed hands during trading, a decline of 88% from the average session volume of 2,109,822 shares. The stock had previously closed at $29.67.

Wall Street Analyst Weigh In

DAR has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup decreased their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Trading Down 1.0 %

The stock has a 50 day moving average of $35.17 and a 200 day moving average of $36.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $4.99 billion, a P/E ratio of 18.25 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, equities research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently made changes to their positions in the business. Erste Asset Management GmbH bought a new position in shares of Darling Ingredients during the 3rd quarter valued at $30,545,000. Sycomore Asset Management grew its stake 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 during the last quarter. KBC Group NV increased its holdings in shares of Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after buying an additional 66,966 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Darling Ingredients during the 4th quarter valued at about $13,769,000. 94.44% of the stock is currently owned by institutional investors.

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.