Darling Ingredients Inc. (NYSE:DAR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $53.67.

A number of research analysts have recently issued reports on DAR shares. Jefferies Financial Group boosted their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stephens reiterated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Piper Sandler cut their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th.

Darling Ingredients Stock Performance

NYSE DAR opened at $35.68 on Tuesday. The firm has a market cap of $5.67 billion, a P/E ratio of 22.02 and a beta of 1.21. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39. The business’s 50-day moving average price is $36.24 and its 200 day moving average price is $37.53. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Institutional Trading of Darling Ingredients

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after buying an additional 1,235,985 shares in the last quarter. Paloma Partners Management Co raised its holdings in Darling Ingredients by 2,140.4% during the third quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after purchasing an additional 838,047 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Darling Ingredients during the third quarter worth $30,545,000. ING Groep NV grew its holdings in Darling Ingredients by 244.1% in the third quarter. ING Groep NV now owns 810,100 shares of the company’s stock valued at $30,103,000 after purchasing an additional 574,700 shares during the last quarter. Finally, FMR LLC increased its position in shares of Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares in the last quarter. 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.