Darling Ingredients (NYSE:DAR) Share Price Passes Above 200-Day Moving Average – Here’s Why

Darling Ingredients Inc. (NYSE:DAR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.57 and traded as high as $59.11. Darling Ingredients shares last traded at $58.6970, with a volume of 1,876,021 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DAR. TD Cowen raised their price target on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Stephens upped their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. UBS Group upped their target price on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Trading Down 1.1%

The stock has a 50-day moving average of $60.65 and a 200 day moving average of $48.57. The stock has a market cap of $9.33 billion, a PE ratio of 42.53 and a beta of 1.07. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.Darling Ingredients’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 4.68 earnings per share for the current year.

Insider Activity

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Danske Bank A S acquired a new stake in Darling Ingredients during the 3rd quarter worth about $25,000. Allworth Financial LP grew its position in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the period. SJS Investment Consulting Inc. grew its position in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in Darling Ingredients during the 4th quarter worth about $29,000. Finally, Leonteq Securities AG acquired a new stake in Darling Ingredients during the 4th quarter worth about $35,000. 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.