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

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $52.75.

A number of research firms have recently issued reports on DAR. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th.

Institutional Trading of Darling Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in DAR. Natixis Advisors LLC grew its holdings in shares of Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after buying an additional 20,323 shares during the period. Algert Global LLC grew its holdings in shares of Darling Ingredients by 266.6% in the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock valued at $3,860,000 after buying an additional 75,540 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at $30,545,000. Sycomore Asset Management grew its holdings in shares of Darling Ingredients by 101.2% in the 4th quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after buying an additional 65,444 shares during the period. Finally, KBC Group NV grew its holdings in shares of Darling Ingredients by 180.1% in the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after buying an additional 66,966 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 1.3 %

NYSE DAR opened at $30.83 on Wednesday. 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 stock’s 50 day moving average is $36.49 and its two-hundred day moving average is $37.34. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.82 and a beta of 1.25. Darling Ingredients has a 1-year low of $30.03 and a 1-year high of $48.39.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Equities analysts forecast that Darling Ingredients will post 2.81 earnings per share 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.