Darling Ingredients (NYSE:DAR) Shares Up 3.7% - Should You Buy?

Darling Ingredients Inc. (NYSE:DAR - Get Free Report)'s stock price shot up 3.7% on Wednesday . The stock traded as high as $30.79 and last traded at $30.78. 252,892 shares were traded during trading, a decline of 88% from the average session volume of 2,109,822 shares. The stock had previously closed at $29.67.

Analysts Set New Price Targets

Several research firms recently issued reports on DAR. Stephens restated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Monday, March 24th. Finally, 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, January 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.75.

Darling Ingredients Stock Down 1.0 %

The firm's 50-day moving average price is $35.06 and its 200 day moving average price is $36.44. 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 company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 18.25 and a beta of 1.25.

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Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. On average, sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Large investors have recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB lifted its stake in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company's stock valued at $40,000 after purchasing an additional 721 shares during the last quarter. Palouse Capital Management Inc. bought a new position in Darling Ingredients in the 4th quarter valued at approximately $86,000. First Horizon Advisors Inc. boosted its position in Darling Ingredients by 30.9% in the fourth quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company's stock valued at $102,000 after buying an additional 712 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Darling Ingredients during the fourth quarter worth $109,000. 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.