Darling Ingredients Inc. (NYSE:DAR) Short Interest Down 12.5% in November

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,860,000 shares, a decline of 12.5% from the November 15th total of 11,270,000 shares. Approximately 6.3% of the shares of the company are sold short. Based on an average daily volume of 2,100,000 shares, the days-to-cover ratio is presently 4.7 days.

Darling Ingredients Stock Down 1.2 %

NYSE DAR traded down $0.41 during trading on Friday, reaching $35.08. 1,491,907 shares of the company's stock traded hands, compared to its average volume of 2,189,816. Darling Ingredients has a 12-month low of $32.67 and a 12-month high of $51.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 21.65 and a beta of 1.19. The company's 50 day simple moving average is $38.88 and its two-hundred day simple moving average is $37.98.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business's quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, sell-side analysts forecast that Darling Ingredients will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DAR shares. Piper Sandler dropped their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group lifted their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, October 25th. TD Cowen reduced their price target on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.44.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock valued at $31,000 after acquiring an additional 527 shares in the last quarter. Signaturefd LLC boosted its position in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. grew its stake in Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Darling Ingredients during the 3rd quarter worth $58,000. Finally, Farther Finance Advisors LLC increased its position in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after buying an additional 758 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

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.