Darling Ingredients (NYSE:DAR) PT Lowered to $43.00 at TD Cowen

Darling Ingredients (NYSE:DAR) had its target price reduced by TD Cowen from $45.00 to $43.00 in a report released on Friday morning, Marketbeat reports. They currently have a hold rating on the stock.

Several other research firms have also recently issued reports on DAR. Citigroup upgraded Darling Ingredients from a neutral rating to a buy rating and set a $48.00 price target on the stock in a report on Wednesday, June 12th. Scotiabank lowered their price target 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. Stifel Nicolaus cut their price objective on shares of Darling Ingredients from $90.00 to $85.00 and set a buy rating on the stock in a report on Monday, May 20th. Finally, Jefferies Financial Group reduced their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a buy rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $60.10.

Darling Ingredients Trading Up 2.9 %

DAR opened at $35.21 on Friday. Darling Ingredients has a 1-year low of $32.67 and a 1-year high of $60.05. The stock has a market capitalization of $5.60 billion, a PE ratio of 10.54 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $38.13 and a two-hundred day moving average price of $40.54.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $1.55 earnings per share. Darling Ingredients’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, equities analysts anticipate that Darling Ingredients will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the transaction, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.62% of the company’s stock.

Institutional Trading of Darling Ingredients

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Darling Ingredients in the 2nd quarter valued at approximately $319,000. Quarry LP grew its stake in shares of Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after acquiring an additional 2,324 shares in the last quarter. Creative Planning raised its holdings in shares of Darling Ingredients by 9.6% in the second quarter. Creative Planning now owns 18,333 shares of the company’s stock valued at $674,000 after purchasing an additional 1,607 shares during the last quarter. Algert Global LLC bought a new stake in shares of Darling Ingredients in the second quarter worth $1,041,000. Finally, MidWestOne Financial Group Inc. boosted its holdings in Darling Ingredients by 19.7% during the second quarter. MidWestOne Financial Group Inc. now owns 31,185 shares of the company’s stock worth $1,146,000 after purchasing an additional 5,128 shares during the last quarter. 94.44% of the stock is currently owned by 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.