Darling Ingredients (NYSE:DAR) Hits New 52-Week High – Time to Buy?

Shares of Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week high during trading on Tuesday . The company traded as high as $58.43 and last traded at $58.74, with a volume of 403203 shares traded. The stock had previously closed at $56.46.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DAR shares. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research report on Friday, February 13th. BMO Capital Markets lifted their price target on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, TD Cowen boosted their price objective on Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

Darling Ingredients Price Performance

The stock has a 50-day moving average of $49.40 and a two-hundred day moving average of $39.31. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 151.08, a price-to-earnings-growth ratio of 0.43 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The firm had revenue of $1.71 billion for the quarter. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Activity

In other news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Darling Ingredients by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after acquiring an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Darling Ingredients by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock worth $288,704,000 after purchasing an additional 242,857 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Darling Ingredients by 6.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after purchasing an additional 287,665 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Darling Ingredients by 1.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after purchasing an additional 35,309 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in Darling Ingredients by 66.0% during the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after purchasing an additional 1,320,817 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.