Darling Ingredients (NYSE:DAR) Stock Price Down 5.8% – What’s Next?

Shares of Darling Ingredients Inc. (NYSE:DAR) were down 5.8% during mid-day trading on Tuesday . The company traded as low as $37.09 and last traded at $37.43. Approximately 2,056,699 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 2,159,443 shares. The stock had previously closed at $39.73.

Analysts Set New Price Targets

Several equities analysts have weighed in on DAR shares. Piper Sandler dropped their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Jefferies Financial Group lifted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen reduced their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Stock Performance

The stock’s 50 day moving average price is $38.95 and its 200 day moving average price is $38.32. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 22.37 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its position in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Darling Ingredients by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after buying an additional 310 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the period. Glenmede Trust Co. NA lifted its position in Darling Ingredients by 5.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after acquiring an additional 412 shares in the last quarter. Finally, Corbyn Investment Management Inc. MD boosted its holdings in Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock worth $1,103,000 after acquiring an additional 455 shares during the period. 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.