Darling Ingredients (NYSE:DAR) Upgraded at StockNews.com

StockNews.com upgraded shares of Darling Ingredients (NYSE:DAR) from a sell rating to a hold rating in a research note released on Friday.

A number of other research firms have also recently issued reports on DAR. Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup lowered 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Trading Down 1.6 %

Shares of DAR opened at $32.24 on Friday. The company’s fifty day simple moving average is $36.53 and its 200-day simple moving average is $37.40. The company has a market cap of $5.12 billion, a P/E ratio of 18.64 and a beta of 1.25. 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 has a twelve month low of $31.87 and a twelve month high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, analysts expect that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Trading of Darling Ingredients

Hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB boosted its position in Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Darling Ingredients in the third quarter valued at about $58,000. Farther Finance Advisors LLC grew its stake in Darling Ingredients by 69.2% in 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 last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Darling Ingredients by 42.5% in the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after purchasing an additional 687 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other 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.