TD Cowen Lowers Darling Ingredients (NYSE:DAR) Price Target to $37.00

Darling Ingredients (NYSE:DAR) had its price target reduced by TD Cowen from $43.00 to $37.00 in a report issued on Friday morning, MarketBeat reports. They currently have a hold rating on the stock.

Other research analysts have also issued research reports about the stock. Citigroup lowered their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Stephens restated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Darling Ingredients Stock Down 7.2 %

DAR opened at $29.21 on Friday. The stock’s 50 day moving average price is $34.63 and its 200 day moving average price is $36.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market cap of $4.62 billion, a P/E ratio of 16.88 and a beta of 1.19. Darling Ingredients has a 12 month low of $27.20 and a 12 month high of $48.39.

Darling Ingredients (NYSE:DAR) last issued 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%. As a group, research analysts predict that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of DAR. Vanguard Group Inc. lifted its stake in Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock valued at $524,486,000 after buying an additional 203,921 shares in the last quarter. Gates Capital Management Inc. boosted its stake in Darling Ingredients by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock worth $224,660,000 after purchasing an additional 682,529 shares during the period. Dimensional Fund Advisors LP grew its position in Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock worth $217,425,000 after purchasing an additional 791,157 shares in the last quarter. State Street Corp raised its stake in Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after purchasing an additional 289,407 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock valued at $148,005,000 after purchasing an additional 2,627,785 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.