Darling Ingredients (NYSE:DAR) Sets New 1-Year Low on Analyst Downgrade

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) shares reached 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. The stock had previously closed at $29.22.

Several other research analysts have also weighed in on the company. 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. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Institutional Trading of Darling Ingredients

Several hedge funds have recently bought and sold shares of the business. Sycomore Asset Management boosted its stake in Darling Ingredients by 101.2% during the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company's stock valued at $4,743,000 after purchasing an additional 65,444 shares during the last quarter. KBC Group NV boosted its position in shares of Darling Ingredients by 180.1% during the fourth quarter. KBC Group NV now owns 104,143 shares of the company's stock valued at $3,509,000 after buying an additional 66,966 shares during the last quarter. AXQ Capital LP bought a new stake in Darling Ingredients during the fourth quarter worth $735,000. Assenagon Asset Management S.A. lifted its stake in Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Darling Ingredients during the 4th quarter worth $13,769,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Up 1.1 %

The stock's fifty day simple moving average is $33.62 and its 200-day simple moving average is $35.95. The stock has a market capitalization of $4.58 billion, a PE ratio of 16.76 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.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.