Darling Ingredients (NYSE:DAR) Stock Price Down 5.8% – Should You Sell?

Darling Ingredients Inc. (NYSE:DAR)’s stock price fell 5.8% during trading on Tuesday . The company traded as low as $37.09 and last traded at $37.43. 2,056,699 shares were traded during trading, a decline of 5% from the average session volume of 2,159,443 shares. The stock had previously closed at $39.73.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DAR shares. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, TD Cowen lowered their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Stock Performance

The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 22.37 and a beta of 1.19. The stock’s 50 day moving average is $38.95 and its two-hundred day moving average is $38.32. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. Darling Ingredients’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. Analysts anticipate that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently bought and sold shares of DAR. GAMMA Investing LLC grew its holdings in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the period. Signaturefd LLC increased its position in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Darling Ingredients by 38.0% during the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Darling Ingredients in the 3rd quarter worth about $58,000. Finally, Farther Finance Advisors LLC increased its holdings in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after acquiring an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.