Darling Ingredients (NYSE:DAR) Shares Climb 3.7% – What’s Next?

Darling Ingredients Inc. (NYSE:DAR)’s stock price traded up 3.7% on Thursday. The stock traded as high as $61.27 and last traded at $62.2340. 32,110 shares were traded during trading, a decline of 99% from the average session volume of 2,592,927 shares. The stock had previously closed at $60.02.

Analyst Ratings Changes

A number of analysts have weighed in on DAR shares. Jefferies Financial Group raised shares of Darling Ingredients to a “strong-buy” rating in a report on Tuesday, September 29th. TD Cowen upped their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. UBS Group increased their target price on shares of Darling Ingredients from $78.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Barclays lifted their target price on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $72.40.

Darling Ingredients Stock Performance

The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 16.24 and a beta of 1.04. The firm’s 50-day moving average price is $63.65 and its two-hundred day moving average price is $61.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Sell-side analysts predict that Darling Ingredients Inc. will post 7.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Charles L. Adair acquired 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares in the company, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nicholas Kemphaus sold 1,591 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock worth $704,303 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Darling Ingredients in the 2nd quarter valued at about $851,450,000. Dimensional Fund Advisors LP grew its holdings in shares of Darling Ingredients by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after buying an additional 47,565 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Darling Ingredients during the second quarter worth about $168,348,000. Bank of America Corp DE bought a new stake in Darling Ingredients in the 2nd quarter valued at approximately $129,371,000. Finally, Assenagon Asset Management S.A. boosted its position in Darling Ingredients by 5.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,212,634 shares of the company’s stock worth $120,854,000 after acquiring an additional 120,674 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.