Darling Ingredients (NYSE:DAR) Trading 3.5% Higher - Here's Why

Darling Ingredients Inc. (NYSE:DAR - Get Free Report)'s share price traded up 3.5% during trading on Thursday . The stock traded as high as $33.00 and last traded at $32.58. 645,434 shares were traded during trading, a decline of 71% from the average session volume of 2,193,582 shares. The stock had previously closed at $31.48.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup reduced their target price on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Robert W. Baird reduced their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. TD Cowen reduced their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.69 billion, a P/E ratio of 20.81 and a beta of 1.18. The business has a 50 day simple moving average of $31.89 and a 200-day simple moving average of $33.88.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DAR. Wilmington Savings Fund Society FSB increased its holdings in shares of Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares during the period. Empowered Funds LLC increased its holdings in shares of Darling Ingredients by 14.6% during the fourth quarter. Empowered Funds LLC now owns 8,828 shares of the company's stock valued at $297,000 after purchasing an additional 1,126 shares during the period. Palouse Capital Management Inc. acquired a new position in shares of Darling Ingredients during the fourth quarter valued at $86,000. Sanctuary Advisors LLC grew its holdings in Darling Ingredients by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company's stock worth $570,000 after acquiring an additional 707 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after acquiring an additional 337 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

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.