Darling Ingredients (NYSE:DAR) Reaches New 52-Week Low – Should You Sell?

Darling Ingredients Inc. (NYSE:DAR)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $32.55 and last traded at $32.81, with a volume of 145359 shares trading hands. The stock had previously closed at $33.06.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DAR shares. TD Cowen cut their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Piper Sandler decreased their price target on shares of 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, JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Darling Ingredients Stock Down 0.2 %

The stock’s fifty day simple moving average is $38.61 and its 200-day simple moving average is $37.79. The stock has a market capitalization of $5.25 billion, a PE ratio of 20.37 and a beta of 1.19. 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 data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Darling Ingredients Inc. will post 1.88 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

A number of hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after purchasing an additional 289,407 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Darling Ingredients by 52.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the last quarter. Earnest Partners LLC raised its position in Darling Ingredients by 14.0% in the second quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after acquiring an additional 470,170 shares during the period. FMR LLC boosted its stake in Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after acquiring an additional 491,477 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Darling Ingredients by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after acquiring an additional 36,618 shares during the period. 94.44% of the stock is currently owned by institutional investors.

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.