Darling Ingredients Inc.: The Winning Streak Continues (DAR)

January 20, 2021 10:35:21

Darling Ingredients Inc. (NYSE:DAR) traded today at a new 52-week high of $68.83. This new high was reached on below average trading volume as 208,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers, and other specialty products. In addition, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments: feed ingredients (majority of revenue), food ingredients, and fuel ingredients. It provides grease trap services for food businesses, and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its sales from customers in North America.

Darling Ingredients Inc. (NYSE:DAR) is currently priced 41.0% above its average consensus analyst price target of $40.55.

In the past 52 weeks, shares of Darling Ingredients Inc. have traded between a low of $10.25 and a high of $68.83 and is now at $68.75, which is 571% above that low price.

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