Darling Ingredients (NYSE:DAR) Earns Overweight Rating from Stephens

Darling Ingredients (NYSE:DAR)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report released on Thursday,Benzinga reports. They currently have a $52.00 target price on the stock. Stephens’ price objective would suggest a potential upside of 44.41% from the company’s current price.

Several other research analysts also recently commented on DAR. Jefferies Financial Group raised 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. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Piper Sandler cut their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.67.

Darling Ingredients Stock Down 0.1 %

Darling Ingredients stock opened at $36.01 on Thursday. Darling Ingredients has a 1-year low of $32.55 and a 1-year high of $48.39. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 22.23 and a beta of 1.21. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a 50 day simple moving average of $36.37 and a 200 day simple moving average of $37.53.

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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. On average, analysts predict that Darling Ingredients will post 1.57 earnings per share for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds have recently made changes to their positions in DAR. Assenagon Asset Management S.A. raised its position in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. Paloma Partners Management Co raised its position in Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after purchasing an additional 838,047 shares during the period. Erste Asset Management GmbH purchased a new position in Darling Ingredients in the 3rd quarter worth $30,545,000. ING Groep NV raised its position in Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after purchasing an additional 574,700 shares during the period. Finally, FMR LLC raised its position in Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after purchasing an additional 491,477 shares during the period. 94.44% of the stock is owned by institutional investors.

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.