Could Darling Ingredients Inc (DAR) Skyrocket Even More? The Stock Just Made 52-Week High

September 12, 2017 - By Kurt Siggers

Investors sentiment increased to 1.14 in 2016 Q4. Its up 0.34, from 0.8 in 2016Q3. It increased, as 22 investors sold Darling Ingredients Inc shares while 90 reduced holdings. 45 funds opened positions while 83 raised stakes. 152.26 million shares or 1.21% less from 154.12 million shares in 2016Q3 were reported.
City Holdings Company stated it has 0% of its portfolio in Darling Ingredients Inc (NYSE:DAR). Numeric Investors Ltd Llc has invested 0.05% in Darling Ingredients Inc (NYSE:DAR). Envestnet Asset Mngmt owns 0.01% invested in Darling Ingredients Inc (NYSE:DAR) for 233,507 shares. Gareth Morgan Partnership holds 0.2% of its portfolio in Darling Ingredients Inc (NYSE:DAR) for 184,417 shares. Nfc Limited Liability Co owns 530,855 shares for 2.65% of their portfolio. Meeder Asset Mgmt holds 0% or 1,166 shares. Royal Bancshares Of Canada holds 2.18 million shares. Washington Financial Bank holds 0% in Darling Ingredients Inc (NYSE:DAR) or 38 shares. Cubist Systematic Strategies Limited Liability accumulated 58,480 shares. Bb&T has invested 0.15% in Darling Ingredients Inc (NYSE:DAR). Finemark National Bank & Trust has 852 shares. Moreover, Manufacturers Life Insur The has 0% invested in Darling Ingredients Inc (NYSE:DAR). Convergence Inv Prtn Limited Co holds 0.72% or 402,320 shares. Vident Invest Advisory Lc accumulated 172,689 shares. Moreover, Princeton Alpha Management Lp has 0.13% invested in Darling Ingredients Inc (NYSE:DAR).

Since May 17, 2017, it had 3 buys, and 0 insider sales for $899,938 activity.

The stock of Darling Ingredients Inc (NYSE:DAR) hit a new 52-week high and has $18.44 target or 3.00 % above today’s $17.90 share price. The 8 months bullish chart indicates low risk for the $2.95 billion company. The 1-year high was reported on Sep, 12 by Barchart.com. If the $18.44 price target is reached, the company will be worth $88.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 117,137 shares traded. Darling Ingredients Inc (NYSE:DAR) has risen 8.56% since September 12, 2016 and is uptrending. It has underperformed by 8.14% the S&P500.

Darling Ingredients Inc (NYSE:DAR) Ratings Coverage

Among 9 analysts covering Darling Ingredients (NYSE:DAR), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Darling Ingredients had 17 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Market Outperform” rating given on Friday, April 1 by Avondale. Canaccord Genuity maintained the shares of DAR in report on Sunday, August 6 with “Buy” rating. The company was maintained on Monday, August 14 by J.P. Morgan. The stock of Darling Ingredients Inc (NYSE:DAR) earned “Hold” rating by Zacks on Thursday, September 3. BMO Capital Markets maintained the shares of DAR in report on Monday, June 26 with “Buy” rating. Roth Capital maintained the stock with “Buy” rating in Wednesday, August 12 report. JP Morgan upgraded the shares of DAR in report on Thursday, May 26 to “Overweight” rating. Robert W. Baird maintained the stock with “Outperform” rating in Friday, August 11 report. The stock has “Buy” rating by BMO Capital Markets on Thursday, August 10. Goldman Sachs upgraded it to “Buy” rating and $18 target in Wednesday, June 29 report.

Darling Ingredients Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for clients in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries. The company has market cap of $2.95 billion. The Firm operates through three divisions: Feed Ingredients, Food Ingredients and Fuel Ingredients. It has a 35.2 P/E ratio. The Firm collects and transforms all aspects of animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides.

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