Darling Ingredients (DAR) Hits New 1-Year High at $22.11

Shares of Darling Ingredients Inc (NYSE:DAR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.11 and last traded at $21.42, with a volume of 1493480 shares. The stock had previously closed at $20.67.

A number of brokerages have recently issued reports on DAR. Zacks Investment Research cut Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, BMO Capital Markets upped their price target on Darling Ingredients from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.25.

The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 90.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.13.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.13). The company had revenue of $812.58 million during the quarter, compared to analysts’ expectations of $859.52 million. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, analysts forecast that Darling Ingredients Inc will post 0.99 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Vident Investment Advisory LLC raised its position in shares of Darling Ingredients by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 181,526 shares of the company’s stock valued at $3,609,000 after purchasing an additional 2,721 shares in the last quarter. Hilltop Holdings Inc. raised its position in shares of Darling Ingredients by 8.3% in the 2nd quarter. Hilltop Holdings Inc. now owns 37,189 shares of the company’s stock valued at $739,000 after purchasing an additional 2,842 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Darling Ingredients by 7.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 45,484 shares of the company’s stock valued at $904,000 after purchasing an additional 2,963 shares in the last quarter. United Services Automobile Association raised its position in shares of Darling Ingredients by 0.7% in the 2nd quarter. United Services Automobile Association now owns 423,816 shares of the company’s stock valued at $8,425,000 after purchasing an additional 3,117 shares in the last quarter. Finally, Piedmont Investment Advisors LLC raised its position in shares of Darling Ingredients by 9.0% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 38,357 shares of the company’s stock valued at $763,000 after purchasing an additional 3,152 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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About Darling Ingredients (NYSE:DAR)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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