DAR Stock Summary and Trading Ideas (Darling Ingredients | NYSE:DAR)

Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the 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. Also, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments which are feed ingredients contributing the 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 revenue from customers in North America.

Darling Ingredients trades on the NYSE stock market under the symbol DAR.

As of April 22, 2024, DAR stock price climbed to $42.88 with 1,576,164 million shares trading.

DAR has a beta of 1.22, meaning it tends to be more sensitive to market movements. DAR has a correlation of 0.21 to the broad based SPY ETF.

DAR has a market cap of $6.85 billion. This is considered a Mid Cap stock.

Last quarter Darling Ingredients reported $2 billion in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-76 million and missed earnings estimates by -$.17.

In the last 3 years, DAR stock traded as high as $87.59 and as low as $38.97.

The top ETF exchange traded funds that DAR belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

DAR has underperformed the market in the last year with a price return of -26.0% while the SPY ETF gained +22.3%. DAR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.5% and -3.9%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

DAR support price is $41.54 and resistance is $43.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DAR stock will trade within this expected range on the day.