Darling Ingredients Inc. (NYSE:DAR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $53.44.

Several equities analysts recently commented on the company. Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised 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. Finally, TD Cowen dropped their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th.

Institutional Trading of Darling Ingredients

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% during the third 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 lifted its position in Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. boosted its holdings in Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after acquiring an additional 288 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Darling Ingredients in the third quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

NYSE:DAR opened at $40.53 on Monday. Darling Ingredients has a 12-month low of $32.67 and a 12-month high of $51.36. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 25.02 and a beta of 1.23. The company’s 50-day moving average is $38.89 and its two-hundred day moving average is $38.35. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.29). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’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 EPS. Research analysts expect that Darling Ingredients will post 1.88 EPS for the current 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.