Darling Ingredients (NYSE:DAR) Shares Gap Up – Time to Buy?

Darling Ingredients Inc. (NYSE:DAR) shares gapped up before the market opened on Thursday . The stock had previously closed at $34.73, but opened at $36.61. Darling Ingredients shares last traded at $36.34, with a volume of 236,761 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stephens reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Jefferies Financial Group raised their target price 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. Finally, Piper Sandler dropped 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Stock Up 3.9 %

The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 22.31 and a beta of 1.21. The stock has a 50 day moving average of $35.96 and a 200 day moving average of $37.49.

Institutional Trading of Darling Ingredients

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in shares of Darling Ingredients by 268.6% during the second quarter. Marshall Wace LLP now owns 82,848 shares of the company’s stock valued at $3,045,000 after acquiring an additional 60,371 shares during the period. AQR Capital Management LLC raised its stake in Darling Ingredients by 151.7% during the 2nd quarter. AQR Capital Management LLC now owns 81,490 shares of the company’s stock valued at $2,995,000 after purchasing an additional 49,110 shares during the period. Algert Global LLC acquired a new stake in shares of Darling Ingredients in the second quarter worth $1,041,000. Creative Planning grew its holdings in shares of Darling Ingredients by 9.6% during the second quarter. Creative Planning now owns 18,333 shares of the company’s stock valued at $674,000 after buying an additional 1,607 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Darling Ingredients by 893.8% in the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after purchasing an additional 2,324 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Company Profile

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.