Jefferies Financial Group Lowers Darling Ingredients (NYSE:DAR) Price Target to $47.00

Darling Ingredients (NYSE:DAR) had its price objective lowered by Jefferies Financial Group from $53.00 to $47.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on DAR. Scotiabank decreased their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a sector outperform rating for the company in a research note on Friday, July 12th. TD Cowen lowered their price target on shares of Darling Ingredients from $51.00 to $45.00 and set a hold rating on the stock in a research note on Thursday, June 13th. Stifel Nicolaus reduced their price objective on shares of Darling Ingredients from $90.00 to $85.00 and set a buy rating for the company in a research note on Monday, May 20th. JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an overweight rating for the company in a report on Wednesday, April 17th. Finally, Citigroup raised Darling Ingredients from a neutral rating to a buy rating and set a $48.00 price target for the company in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $64.27.

Darling Ingredients Trading Down 1.3 %

DAR opened at $38.38 on Friday. The firm’s fifty day simple moving average is $37.70 and its 200 day simple moving average is $41.64. The stock has a market capitalization of $6.13 billion, a P/E ratio of 11.49 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Darling Ingredients has a 12 month low of $33.94 and a 12 month high of $70.04.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Darling Ingredients had a return on equity of 8.35% and a net margin of 6.04%. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, research analysts anticipate that Darling Ingredients will post 2.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Darling Ingredients in the 4th quarter valued at $94,650,000. Balyasny Asset Management L.P. bought a new position in shares of Darling Ingredients in the fourth quarter valued at about $92,661,000. Gates Capital Management Inc. acquired a new stake in shares of Darling Ingredients during the 4th quarter worth about $88,885,000. Bank of New York Mellon Corp lifted its stake in shares of Darling Ingredients by 24.9% during the 1st quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock worth $199,028,000 after buying an additional 851,886 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Darling Ingredients by 55.0% in the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock valued at $72,683,000 after buying an additional 554,512 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

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.