Darling Ingredients (NYSE:DAR) Shares Gap Down to $36.22

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $36.22, but opened at $35.44. Darling Ingredients shares last traded at $35.82, with a volume of 177,310 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DAR shares. TD Cowen dropped their target price on Darling Ingredients from $51.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, June 13th. Citigroup upgraded shares of Darling Ingredients from a "neutral" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Wednesday, June 12th. Scotiabank dropped their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus dropped their target price on shares of Darling Ingredients from $90.00 to $85.00 and set a "buy" rating for the company in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $68.45.

Darling Ingredients Stock Performance

The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $5.72 billion, a P/E ratio of 10.72 and a beta of 1.26. The business's 50 day simple moving average is $40.68 and its two-hundred day simple moving average is $43.53.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the business earned $1.16 earnings per share. The company's quarterly revenue was down 20.7% on a year-over-year basis. Sell-side analysts anticipate that Darling Ingredients Inc. will post 2.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in Darling Ingredients by 16.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,548 shares of the company's stock worth $446,000 after buying an additional 1,229 shares during the period. Invesco Ltd. lifted its holdings in Darling Ingredients by 12.6% in the 3rd quarter. Invesco Ltd. now owns 531,364 shares of the company's stock worth $27,737,000 after purchasing an additional 59,351 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Darling Ingredients by 380.4% during the 3rd quarter. Hsbc Holdings PLC now owns 149,594 shares of the company's stock valued at $7,810,000 after buying an additional 118,456 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Darling Ingredients during the third quarter valued at approximately $786,000. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Darling Ingredients by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company's stock worth $3,855,000 after buying an additional 279 shares in the last quarter. 94.44% of the stock is currently 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.