Darling Ingredients (NYSE:DAR) Sets New 52-Week Low - What's Next?

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $32.31 and last traded at $32.43, with a volume of 884378 shares changing hands. The stock had previously closed at $33.49.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday. Stephens reiterated an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup lowered their price target on Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average price target of $52.75.

Darling Ingredients Stock Down 1.6 %

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 firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 18.64 and a beta of 1.25. The stock has a fifty day moving average of $36.53 and a 200-day moving average of $37.42.

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Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Institutional Trading of Darling Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB lifted its position in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock worth $40,000 after buying an additional 721 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients in the third quarter worth about $58,000. Farther Finance Advisors LLC lifted its position in shares of Darling Ingredients by 69.2% in the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after buying an additional 758 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company's stock worth $86,000 after buying an additional 687 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

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.