Darling Ingredients (NYSE:DAR) Sets New 52-Week Low Following Analyst Downgrade

Darling Ingredients Inc. (NYSE:DAR)’s share price hit a new 52-week low on Monday after TD Cowen lowered their price target on the stock from $43.00 to $37.00. TD Cowen currently has a hold rating on the stock. Darling Ingredients traded as low as $27.02 and last traded at $27.34, with a volume of 153602 shares changing hands. The stock had previously closed at $29.22.

Several other equities analysts have also weighed in on DAR. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Citigroup reduced their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Stephens reissued an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DAR. M&T Bank Corp increased its stake in Darling Ingredients by 3.3% during the 4th quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock worth $303,000 after buying an additional 286 shares during the period. Ironwood Investment Management LLC increased its position in shares of Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock worth $1,414,000 after acquiring an additional 297 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of 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 acquiring an additional 337 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Darling Ingredients by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock valued at $330,000 after purchasing an additional 406 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Darling Ingredients by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company’s stock valued at $2,348,000 after purchasing an additional 440 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 16.65 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $34.49 and a 200-day simple moving average of $36.27.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

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.