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

Darling Ingredients Inc. (NYSE:DAR) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, 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 brokers that have covered the stock in the last year is $53.22.

DAR has been the topic of a number of analyst reports. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citigroup cut their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th.

Darling Ingredients Trading Down 8.4 %

NYSE DAR opened at $38.33 on Friday. The business’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $37.57. Darling Ingredients has a 12 month low of $32.55 and a 12 month high of $48.39. The firm has a market capitalization of $6.10 billion, a PE ratio of 22.16 and a beta of 1.21. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, analysts expect that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in Darling Ingredients by 23.2% during the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock worth $4,010,000 after buying an additional 20,323 shares during the period. Algert Global LLC raised its stake in shares of Darling Ingredients by 266.6% in the third quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after purchasing an additional 75,540 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Darling Ingredients in the third quarter worth approximately $30,545,000. Sycomore Asset Management raised its stake in shares of Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock worth $4,743,000 after purchasing an additional 65,444 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock worth $3,509,000 after purchasing an additional 66,966 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

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.