Shares of Darling Ingredients Inc. (NYSE:DAR) traded at a new 52-week high today of $68.00. Approximately 151,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 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) defies analysts with a current price ($67.00) 37.8% above its average consensus price target of $41.66.
Over the past year, Darling Ingredients Inc. has traded in a range of $10.25 to $68.00 and is now at $67.00, 554% above that low.
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