On Thursday, analysts at StockNews.com published a report in which they provided their initial coverage of Darling Ingredients.
This report was made available to the general public (NYSE: DAR).
The corporation advised its shareholders to “sell” their stock in the company.
On Thursday morning, the opening market price for a share of Darling Ingredients stock was $54.15.
During this period, Darling Ingredients reached an all-time high price of $87.59, while the company’s all-time low price was $53.06.
The company has a PE ratio of 12.03 and a beta value of 1.26, and its market capitalization is currently sitting at $8.66 billion.
The debt-to-equity ratio stands at 0.85, the quick ratio at 0.90, and the current ratio at 1.53.
The stock price has had a simple moving average of $64.87 for the past 50 days and a price of $68.80 for the past 200 days.
Several analysts have recently made their reports on the company in question available to the public. Stifel Nicolaus increased their price target for Darling Ingredients from $113.00 to $115.00 and upgraded the company’s rating from “hold” to “buy” in a research note published on Monday, January 30.
The publication of a report on December 13 by UBS Group marked the beginning of the investment firm’s coverage of Darling Ingredients stock. Stifel Nicolaus increased their price target for Darling Ingredients from $113.00 to $115.00 and upgraded the company’s rating from “hold” to “buy” in a report published on Monday, January 30.
The publication of a report on December 13 by UBS Group marked the beginning of the investment firm’s coverage of Darling Ingredients stock.
They forecast that the share price would rise to $90.00 and advised investors to “purchase” the stock in preparation for this increase.
In a research note published on March 1, Raymond James lowered their price objective on Darling Ingredients shares from $100 to $95 but maintained their “strong buy” rating on the stock.
In a research note published on Monday, December 19, Piper Sandler lowered their price objective on shares of Darling Ingredients from $101.00 to $99.00 and upgraded the stock to “overweight.” Piper Sandler’s original price objective had been $101.00.
Additionally, Piper Sandler decreased their price objective on shares of Darling Ingredients. Cowen lowered their price target on shares of Darling Ingredients from $79.00 to $73.00 in a research note published on Tuesday, January 10.
This was the third and last time the company would change the price. Seven of the research analysts have provided the stock with a buy recommendation; one has provided a strong buy rating for the stock, one has a hold rating for the stock, and one has provided a sell recommendation.
According to data obtained from Bloomberg.com, the general opinion regarding Darling Ingredients is that investors should “moderately buy” the company’s stock, and the price objective has been established at $93.40.
In the most recent few months, significant investors have been seen rebalancing their holdings within the company.
As part of a new investment, approximately 41,000 dollars were put into Darling Ingredients by Dark Forest Capital Management LP during the second quarter.
The amount of Darling Ingredients in which Sumitomo Mitsui Trust Holdings INC had invested increased by 229.9% during the third quarter of the fiscal year. Sumitomo Mitsui Trust Holdings INC now has 106,510 shares of the company’s stock, which has a value of $7,046,000 after purchasing an additional 74,227 shares of the company’s stock throughout the period.
These 106,510 shares of the company’s stock were purchased.
During the third quarter, Credit Suisse AG made a 0.7% purchase of additional Darling Ingredients stock, bringing the total holdings of its common stock to 97.5%.
After purchasing 4,681 additional shares during the most recent quarter, Credit Suisse AG now directly owns 650,516 shares, valued at $43,033,000.
This brings the total number of shares directly owned by Credit Suisse AG to 650,516.
BNP Paribas Arbitrage SA saw an 1126 percent increase in its holdings in Darling Ingredients during the year’s second quarter.
BNP Paribas Arbitrage SA now has a total of 112,828 shares after purchasing an additional 59,760 shares during the most recent quarter.
The value of the company’s shares as a whole is currently $6,747,000.
Last but not least, during the second quarter, Quadrant Capital Group LLC increased the percentage of Darling Ingredients stock owned by 32.3%.
This certainly should not be considered the least important development.
During the most recent fiscal quarter, Quadrant Capital Group LLC purchased 185 shares of the company’s stock.
This brings the total number of shares directly owned by the company to 757, with a value of $45,000 for those shares.
The company’s stock is held in collective ownership by hedge funds and other types of institutional investors to the tune of 90.90%.
The company Darling Ingredients, INC specializes in the research, development, and production of natural ingredients formulated from bio-nutrients that can be consumed or avoided by the human body. Components for use in fuel, components for use in animal feed, and components for use in human food make up the company’s three distinct business divisions. Not only does the term “feed ingredients” refer to the fats and proteins utilized in cooking oil production, but it also refers to the collection of food residuals and trap grease, the Rothsay ingredients, and the ingredients and specialty items.
These are all included in the definition of the term “feed ingredients.”