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

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.70.

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

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, the executive vice president now directly owns 12,607 shares in the company, valued at $496,337.59. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.62% of the company’s stock.

Institutional Trading of Darling Ingredients

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caprock Group LLC grew its position in shares of Darling Ingredients by 4.3% in the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after buying an additional 277 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Darling Ingredients by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock valued at $1,171,000 after acquiring an additional 341 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its position in Darling Ingredients by 11.1% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock valued at $184,000 after purchasing an additional 496 shares during the period. Invesco LLC raised its holdings in Darling Ingredients by 10.0% during the 1st quarter. Invesco LLC now owns 5,556 shares of the company’s stock worth $258,000 after purchasing an additional 507 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

DAR opened at $36.98 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. Darling Ingredients has a 52-week low of $32.67 and a 52-week high of $51.36. The firm has a market cap of $5.91 billion, a P/E ratio of 11.07 and a beta of 1.24. The business’s fifty day moving average is $37.61 and its 200-day moving average is $39.50.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $1.55 EPS. The business’s quarterly revenue was down 17.2% compared to the same quarter last year. Sell-side analysts expect that Darling Ingredients will post 2.26 EPS for the current fiscal year.

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.