Darling Ingredients (NYSE:DAR) Stock Rating Upgraded by Zacks Research

Darling Ingredients (NYSE:DAR) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. TD Cowen lowered their target price on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays initiated coverage on shares of Darling Ingredients in a research note on Monday. They issued an “equal weight” rating and a $58.00 price target on the stock. Robert W. Baird boosted their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Scotiabank upped their target price on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.45.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $52.79 on Monday. The company’s fifty day moving average is $59.56 and its two-hundred day moving average is $51.58. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients has a 12-month low of $29.15 and a 12-month high of $66.02. The company has a market cap of $8.39 billion, a P/E ratio of 38.25 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) earnings per share. Equities analysts expect that Darling Ingredients will post 4.68 earnings per share for the current fiscal year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Danske Bank A S acquired a new position in Darling Ingredients during the third quarter valued at approximately $25,000. Allworth Financial LP grew its stake in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in Darling Ingredients in the 4th quarter worth $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients during the 4th quarter worth $35,000. 94.44% of the stock is owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.