Darling Ingredients (NYSE:DAR) Reaches New 1-Year High – Time to Buy?

Shares of Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week high during trading on Monday . The stock traded as high as $62.38 and last traded at $61.16, with a volume of 659140 shares changing hands. The stock had previously closed at $59.28.

Analyst Upgrades and Downgrades

DAR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $59.00 to $69.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. BMO Capital Markets increased their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price target on Darling Ingredients in a research report on Friday, February 13th. Finally, Scotiabank restated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.90.

Darling Ingredients Trading Up 3.4%

The business’s fifty day moving average price is $50.91 and its 200 day moving average price is $40.08. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.73 billion, a PE ratio of 157.06, a P/E/G ratio of 0.44 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion for the quarter. As a group, analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Darling Ingredients during the fourth quarter worth about $94,211,000. No Street GP LP purchased a new stake in Darling Ingredients in the 3rd quarter valued at about $69,458,000. Marshall Wace LLP increased its stake in shares of Darling Ingredients by 973.3% during the 2nd quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after acquiring an additional 1,362,137 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Darling Ingredients by 66.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after acquiring an additional 1,320,817 shares during the period. Finally, Harspring Capital Management LLC purchased a new position in shares of Darling Ingredients during the 2nd quarter worth about $31,680,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

About Darling Ingredients

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.