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

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 8,940,000 shares, a growth of 11.2% from the March 15th total of 8,040,000 shares. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 5.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets decreased their target price on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating on the stock in a research report on Thursday, February 29th. Stifel Nicolaus decreased their target price on Darling Ingredients from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, April 8th. Citigroup increased their price target on Darling Ingredients from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. Scotiabank cut their price target on Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday. Finally, Stephens cut their price target on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Darling Ingredients presently has an average rating of "Moderate Buy" and an average price target of $73.82.

Darling Ingredients Trading Down 2.8 %

DAR stock traded down $1.25 during midday trading on Monday, hitting $43.14. 1,526,432 shares of the company's stock were exchanged, compared to its average volume of 2,055,094. The business has a 50-day simple moving average of $43.83 and a two-hundred day simple moving average of $44.87. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.89 billion, a PE ratio of 10.84 and a beta of 1.29. Darling Ingredients has a 1-year low of $38.97 and a 1-year high of $71.60.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.12). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. On average, sell-side analysts predict that Darling Ingredients will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Kurt Stoffel bought 8,000 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the transaction, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Darling Ingredients by 1,412.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company's stock valued at $25,000 after buying an additional 466 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Darling Ingredients in the first quarter valued at $25,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Darling Ingredients in the third quarter valued at $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at $29,000. Finally, Stone House Investment Management LLC grew its stake in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company's stock valued at $30,000 after buying an additional 300 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

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.