Darling Ingredients (NYSE:DAR) Stock Price Up 3.7% – Here’s Why

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday. Stephens restated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup reduced their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients currently has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Trading Up 3.6 %

The stock has a market cap of $4.88 billion, a PE ratio of 17.76 and a beta of 1.25. The company’s 50-day moving average price is $35.40 and its 200 day moving average price is $36.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results 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%. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DAR. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Darling Ingredients by 148.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock worth $148,005,000 after acquiring an additional 2,627,785 shares during the last quarter. Norges Bank purchased a new stake in Darling Ingredients in the fourth quarter valued at approximately $63,956,000. Assenagon Asset Management S.A. lifted its stake in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares in the last quarter. Paloma Partners Management Co lifted its stake in Darling Ingredients by 2,140.4% during the third quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after purchasing an additional 838,047 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in shares of Darling Ingredients during the third quarter worth $30,545,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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.