Citigroup Upgrades Darling Ingredients (NYSE:DAR) to Buy

Citigroup upgraded shares of Darling Ingredients (NYSE:DAR) from a neutral rating to a buy rating in a research note published on Wednesday, Marketbeat.com reports. The firm currently has $48.00 price objective on the stock.

Several other brokerages also recently commented on DAR. Stifel Nicolaus dropped their price objective on Darling Ingredients from $90.00 to $85.00 and set a buy rating on the stock in a research note on Monday, May 20th. BMO Capital Markets lowered their price target on Darling Ingredients from $60.00 to $57.00 and set an outperform rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an overweight rating on the stock in a report on Wednesday, April 17th. Finally, Scotiabank lowered their target price on Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $68.45.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $35.52 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $5.68 billion, a P/E ratio of 10.63 and a beta of 1.26. The business has a 50-day moving average of $42.18 and a 200-day moving average of $44.07. Darling Ingredients has a 1 year low of $34.83 and a 1 year high of $71.60.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, equities analysts anticipate that Darling Ingredients will post 2.76 EPS for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently made changes to their positions in DAR. CWM LLC grew its position in Darling Ingredients by 14.7% in the fourth quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after purchasing an additional 247 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Darling Ingredients by 34.2% during the 4th quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock worth $54,000 after buying an additional 275 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Darling Ingredients by 4.3% in the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after acquiring an additional 277 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Darling Ingredients by 6.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock valued at $229,000 after acquiring an additional 278 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Darling Ingredients by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock worth $3,855,000 after acquiring an additional 279 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.