Darling Ingredients Inc. (NYSE:DAR) Receives $64.27 Consensus PT from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.27.

DAR has been the subject of several research reports. JPMorgan Chase & Co. reduced 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. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, June 12th. TD Cowen reduced their price target on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, June 13th. Scotiabank dropped their price objective 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. Finally, Jefferies Financial Group dropped their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 26th.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day purchased 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average cost of $39.37 per share, with a total value of $99,684.84. Following the transaction, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Darling Ingredients by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock valued at $726,056,000 after buying an additional 232,583 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Darling Ingredients by 24.9% during the first quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock valued at $199,028,000 after purchasing an additional 851,886 shares during the period. Earnest Partners LLC lifted its position in shares of Darling Ingredients by 7.5% during the first quarter. Earnest Partners LLC now owns 3,359,095 shares of the company’s stock worth $156,232,000 after purchasing an additional 234,907 shares in the last quarter. Norges Bank purchased a new position in shares of Darling Ingredients in the fourth quarter valued at $94,650,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Darling Ingredients during the 4th quarter valued at $92,661,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 3.6 %

Shares of DAR stock opened at $37.52 on Tuesday. Darling Ingredients has a 1-year low of $33.94 and a 1-year high of $69.63. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. The business’s fifty day moving average price is $37.48 and its 200 day moving average price is $41.51. The firm has a market capitalization of $5.99 billion, a PE ratio of 11.23 and a beta of 1.26.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.35%. The business’s revenue was down 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. As a group, sell-side analysts forecast that Darling Ingredients will post 2.47 EPS for the current fiscal year.

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.