Darling Ingredients Inc. (NYSE:DAR) Receives $55.60 Consensus PT from Analysts

Darling Ingredients Inc. (NYSE:DAR) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $53.44.

A number of research analysts have weighed in on the stock. 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 report on Friday, October 11th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Finally, Jefferies Financial Group boosted their price objective 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 Up 0.8 %

NYSE DAR opened at $40.68 on Thursday. The stock has a market cap of $6.47 billion, a P/E ratio of 25.11 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. Darling Ingredients has a 12-month low of $32.67 and a 12-month high of $51.36. The company has a fifty day simple moving average of $37.47 and a two-hundred day simple moving average of $38.67.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. Darling Ingredients’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. On average, analysts forecast that Darling Ingredients will post 1.88 earnings per share for the current year.

Institutional Trading of Darling Ingredients

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Darling Ingredients by 16.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 440,670 shares of the company’s stock valued at $16,375,000 after acquiring an additional 61,226 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after buying an additional 687 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Darling Ingredients by 24.4% in the 3rd quarter. Howe & Rusling Inc. now owns 13,181 shares of the company’s stock valued at $490,000 after buying an additional 2,589 shares during the period. Jennison Associates LLC grew its position in shares of Darling Ingredients by 4.1% during the third quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock worth $40,635,000 after buying an additional 42,921 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of Darling Ingredients by 7.1% during the third quarter. Caprock Group LLC now owns 11,110 shares of the company’s stock worth $413,000 after buying an additional 738 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

About Darling Ingredients

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.