Darling Ingredients (NYSE:DAR) Hits New 12-Month Low at $34.57

Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week low on Tuesday . The stock traded as low as $34.57 and last traded at $34.58, with a volume of 177084 shares changing hands. The stock had previously closed at $35.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DAR shares. BMO Capital Markets reduced their price target on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Scotiabank decreased their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, June 12th. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, Stifel Nicolaus cut their target price on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.45.

Darling Ingredients Trading Down 2.4 %

The firm has a market cap of $5.49 billion, a PE ratio of 10.54 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $41.96 and a 200 day moving average price of $44.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The company’s revenue was down 20.7% compared to the same quarter last year. Analysts forecast that Darling Ingredients Inc. will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DAR. Illinois Municipal Retirement Fund boosted its stake in shares of Darling Ingredients by 111.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,212 shares of the company’s stock valued at $1,506,000 after buying an additional 15,933 shares in the last quarter. NFC Investments LLC acquired a new position in shares of Darling Ingredients in the fourth quarter worth $22,473,000. Jennison Associates LLC raised its holdings in shares of Darling Ingredients by 28.9% in the fourth quarter. Jennison Associates LLC now owns 1,008,227 shares of the company’s stock worth $50,250,000 after acquiring an additional 226,134 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Darling Ingredients by 15.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock worth $79,499,000 after acquiring an additional 213,763 shares during the last quarter. Finally, Gates Capital Management Inc. acquired a new position in shares of Darling Ingredients in the fourth quarter worth $88,885,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.