Darling Ingredients (NYSE:DAR) Sets New 1-Year High – Still a Buy?

Shares of Darling Ingredients Inc. (NYSE:DAR) hit a new 52-week high during trading on Thursday . The company traded as high as $68.77 and last traded at $66.9380, with a volume of 2410673 shares trading hands. The stock had previously closed at $68.34.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Scotiabank upped their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group lifted their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, TD Cowen boosted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The company’s fifty day moving average price is $59.47 and its 200 day moving average price is $58.08. The company has a market cap of $10.56 billion, a PE ratio of 18.04 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Insider Activity

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares of the company’s stock, valued at $2,400,278.93. This trade represents a 18.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. The trade was a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock worth $704,303 in the last quarter. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Danske Bank A S bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $25,000. Allworth Financial LP grew its position in Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the period. SJS Investment Consulting Inc. grew its position in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in Darling Ingredients during the fourth quarter worth about $29,000. Finally, Leonteq Securities AG purchased a new stake in Darling Ingredients during the fourth quarter worth about $35,000. Institutional investors own 94.44% of the company’s stock.

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.