Darling Ingredients (NYSE:DAR) has tumbled 2.4% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.8% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.23%. Darling Ingredients (NYSE:DAR) has underperformed the index by 0.12% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Darling Ingredients (NYSE:DAR): The stock opened at $15.19 on Friday but the bulls could not build on the opening and the stock topped out at $15.38 for the day. The stock traded down to $15.02 during the day, due to lack of any buying support eventually closed down at $15.03 with a loss of -0.79% for the day. The stock had closed at $15.15 on the previous day. The total traded volume was 1,774,699 shares.
The company shares have dropped -3.03% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $15.93 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.88 and the 200 Day Moving Average price is recorded at $11.86.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Darling Ingredients Inc., Sanders Justinus had purchased shares worth of $94,700 in a transaction dated on November 20, 2015. A total of 10,000 shares were purchased at a price of $9.47 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Major Brokerage house, JP Morgan upgrades its ratings on Darling Ingredients (NYSE:DAR). In the latest research report, JP Morgan raises the target price from $14 per share to $18 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 1.75% of Darling Ingredients shares according to the proxy statements. Institutional Investors own 97.09% of Darling Ingredients shares.
Darling Ingredients Inc., formerly Darling International Inc., is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients, which includes the edible and inedible animal by-products, bakery and hides business lines; Food Ingredients, which includes the gelatin, casings and edible fats business lines, and Fuel Ingredients, which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients, such as gelatin, tallow, feed-grade fats, meat and bone meal, poultry meal, yellow grease, fuel feed stocks, green energy, natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.