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

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

Several research analysts have issued reports on the company. 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 note on Friday, October 11th. 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 research report on Friday, September 13th. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after purchasing an additional 1,800,809 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after buying an additional 838,047 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients during the third quarter worth approximately $30,545,000. ING Groep NV lifted its holdings in Darling Ingredients by 244.1% in the third quarter. ING Groep NV now owns 810,100 shares of the company’s stock valued at $30,103,000 after buying an additional 574,700 shares during the period. Finally, FMR LLC boosted its stake in Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after acquiring an additional 491,477 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $33.34 on Friday. The firm has a market cap of $5.30 billion, a P/E ratio of 20.58 and a beta of 1.19. The firm’s 50-day simple moving average is $38.46 and its 200-day simple moving average is $37.71. Darling Ingredients has a twelve month low of $32.55 and a twelve month high of $51.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, research analysts expect that Darling Ingredients will post 1.88 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.