Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Darling Ingredients Inc. (NYSE:DAR) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $53.44.

DAR has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, 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 report on Friday, October 11th.

Darling Ingredients Stock Performance

NYSE:DAR opened at $36.70 on Tuesday. Darling Ingredients has a 12-month low of $32.55 and a 12-month high of $48.39. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5.84 billion, a PE ratio of 22.66 and a beta of 1.21. The firm has a 50-day moving average price of $36.90 and a 200 day moving average price of $37.56.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The company 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%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. Research analysts anticipate that Darling Ingredients will post 1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the period. Blue Trust Inc. increased its position in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients during the third quarter worth $58,000. Finally, Farther Finance Advisors LLC lifted its position in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after acquiring an additional 758 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.