Darling Ingredients Inc. (NYSE:DAR) Short Interest Update

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 8,040,000 shares, an increase of 10.1% from the February 29th total of 7,300,000 shares. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is currently 4.3 days. Currently, 5.1% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

DAR has been the subject of a number of recent research reports. Stephens decreased their target price on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. BMO Capital Markets dropped their price objective on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 price target (down previously from $120.00) on shares of Darling Ingredients in a research note on Wednesday, March 6th. Finally, Citigroup lifted their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $76.00.

Darling Ingredients Trading Down 2.1 %

Shares of NYSE:DAR traded down $0.95 during trading on Wednesday, reaching $43.28. 3,318,408 shares of the company were exchanged, compared to its average volume of 1,996,645. The firm has a market capitalization of $6.92 billion, a PE ratio of 10.87 and a beta of 1.29. The business's fifty day simple moving average is $43.53 and its 200-day simple moving average is $45.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. Darling Ingredients has a 12-month low of $38.97 and a 12-month high of $71.60.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. On average, research analysts anticipate that Darling Ingredients will post 3.63 EPS for the current year.

Insider Activity

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the transaction, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.26% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAR. Raymond James & Associates increased its stake in shares of Darling Ingredients by 106.9% during the third quarter. Raymond James & Associates now owns 818,468 shares of the company's stock worth $42,724,000 after purchasing an additional 422,822 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Darling Ingredients by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 629,795 shares of the company's stock valued at $31,301,000 after purchasing an additional 35,290 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Darling Ingredients by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 758,984 shares of the company's stock valued at $39,619,000 after purchasing an additional 32,147 shares in the last quarter. Barclays PLC raised its holdings in shares of Darling Ingredients by 14.2% in the 3rd quarter. Barclays PLC now owns 195,499 shares of the company's stock valued at $10,203,000 after purchasing an additional 24,379 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Darling Ingredients by 5.6% during the 3rd quarter. Victory Capital Management Inc. now owns 229,521 shares of the company's stock worth $11,981,000 after acquiring an additional 12,195 shares in the last quarter. 94.44% of the stock is currently 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.