Darling Ingredients Inc. (NYSE:DAR) Receives Average Recommendation of “Moderate Buy” from Analysts

Darling Ingredients Inc. (NYSE:DAR) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $55.70.

Several equities analysts have issued reports on the company. Piper Sandler cut their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group reduced their price objective on shares of Darling Ingredients from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 7th. Scotiabank lowered their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, TD Cowen reduced their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th.

Darling Ingredients Trading Up 3.0 %

NYSE:DAR opened at $38.32 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. The firm has a 50-day simple moving average of $37.70 and a 200-day simple moving average of $39.18. Darling Ingredients has a one year low of $32.67 and a one year high of $51.36. The firm has a market cap of $6.12 billion, a P/E ratio of 11.47 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. Darling Ingredients’s revenue was down 17.2% on a year-over-year basis. Equities analysts anticipate that Darling Ingredients will post 2.26 EPS for the current fiscal year.

Insider Activity

In other news, EVP Robert W. Day bought 2,532 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the purchase, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in shares of Darling Ingredients by 55.0% in the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock valued at $72,683,000 after acquiring an additional 554,512 shares during the last quarter. BNP Paribas Financial Markets grew its position in Darling Ingredients by 34.8% during the 1st quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock worth $5,340,000 after purchasing an additional 29,660 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Darling Ingredients by 15.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock valued at $79,499,000 after buying an additional 213,763 shares during the last quarter. Overbrook Management Corp lifted its holdings in shares of Darling Ingredients by 16.1% in the 1st quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock valued at $11,514,000 after buying an additional 34,300 shares during the period. Finally, Tidal Investments LLC purchased a new stake in shares of Darling Ingredients in the first quarter worth about $1,462,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.