Darling Ingredients (NYSE:DAR) Shares Gap Up - What's Next?

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $34.73, but opened at $36.61. Darling Ingredients shares last traded at $36.34, with a volume of 236,761 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DAR shares. Citigroup lowered 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. Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Darling Ingredients has an average rating of "Moderate Buy" and a consensus price target of $53.22.

Darling Ingredients Stock Performance

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 company has a market cap of $5.97 billion, a price-to-earnings ratio of 23.15 and a beta of 1.21. The firm has a 50 day simple moving average of $35.82 and a 200-day simple moving average of $37.48.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of DAR. Peregrine Capital Management LLC boosted its stake in Darling Ingredients by 1.5% during the fourth quarter. Peregrine Capital Management LLC now owns 187,854 shares of the company's stock worth $6,329,000 after buying an additional 2,832 shares during the period. CIBC Asset Management Inc boosted its position in shares of Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after purchasing an additional 337 shares during the period. Sanctuary Advisors LLC increased its holdings in Darling Ingredients by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 15,542 shares of the company's stock valued at $570,000 after purchasing an additional 707 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in Darling Ingredients in the fourth quarter valued at approximately $86,000. Finally, Lightrock Netherlands B.V. purchased a new stake in Darling Ingredients in the fourth quarter valued at approximately $8,323,000. 94.44% of the stock is owned by institutional investors and hedge funds.

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.