Darling Ingredients (NYSE:DAR) Stock Price Up 3.5% - Should You Buy?

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

Analyst Ratings Changes

Several research firms recently weighed in on DAR. Robert W. Baird cut their price target 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. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup cut their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, TD Cowen cut their price target 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Darling Ingredients Trading Up 9.1%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock's fifty day moving average is $31.89 and its 200 day moving average is $33.79. The stock has a market cap of $5.69 billion, a P/E ratio of 20.81 and a beta of 1.18.

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

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in Darling Ingredients by 14.6% in the fourth quarter. Empowered Funds LLC now owns 8,828 shares of the company's stock worth $297,000 after purchasing an additional 1,126 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in Darling Ingredients in the fourth quarter worth $86,000. Sanctuary Advisors LLC grew its holdings in Darling Ingredients by 4.8% in the fourth quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company's stock worth $570,000 after purchasing an additional 707 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Darling Ingredients by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after purchasing an additional 337 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its holdings in Darling Ingredients by 1.5% in the fourth quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company's stock worth $6,329,000 after purchasing an additional 2,832 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.