Darling Ingredients (NYSE:DAR) Reaches New 52-Week Low - Should You Sell?

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $32.55 and last traded at $32.81, with a volume of 145359 shares. The stock had previously closed at $33.06.

Analysts Set New Price Targets

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

Darling Ingredients Trading Up 1.0 %

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 fifty day simple moving average of $38.54 and a 200-day simple moving average of $37.76. The firm has a market cap of $5.31 billion, a P/E ratio of 20.60 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. Darling Ingredients's revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities research analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Erste Asset Management GmbH bought a new position in shares of Darling Ingredients during the 3rd quarter worth approximately $30,545,000. Algert Global LLC boosted its position in Darling Ingredients by 266.6% in the third quarter. Algert Global LLC now owns 103,871 shares of the company's stock worth $3,860,000 after purchasing an additional 75,540 shares during the last quarter. Natixis Advisors LLC grew its stake in Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock valued at $4,010,000 after purchasing an additional 20,323 shares during the period. Jennison Associates LLC increased its position in shares of Darling Ingredients by 4.1% during the 3rd quarter. Jennison Associates LLC now owns 1,093,516 shares of the company's stock valued at $40,635,000 after purchasing an additional 42,921 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Darling Ingredients by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company's stock worth $50,210,000 after purchasing an additional 15,414 shares during the period. 94.44% of the stock is owned by institutional investors.

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.