Darling Ingredients Inc. (NYSE:DAR) Receives $67.45 Average PT from Analysts

Darling Ingredients Inc. (NYSE:DAR) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $67.8182.

A number of equities research analysts recently commented on DAR shares. Barclays lifted their price objective on Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday. Stephens increased their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings lowered Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, Scotiabank upped their price target on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd.

Darling Ingredients Price Performance

Shares of DAR stock opened at $56.53 on Tuesday. Darling Ingredients has a 52-week low of $29.15 and a 52-week high of $66.02. The stock has a market cap of $8.98 billion, a PE ratio of 40.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The firm’s 50 day moving average price is $58.73 and its two-hundred day moving average price is $52.50.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. As a group, analysts forecast that Darling Ingredients will post 4.68 EPS for the current year.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC increased its position in shares of Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after buying an additional 270 shares in the last quarter. Lombard Odier Asset Management Europe Ltd lifted its holdings in Darling Ingredients by 14.2% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 183,301 shares of the company’s stock worth $11,337,000 after acquiring an additional 22,796 shares in the last quarter. Essential Partners LLC grew its stake in Darling Ingredients by 123.8% in the first quarter. Essential Partners LLC now owns 1,477 shares of the company’s stock valued at $91,000 after acquiring an additional 817 shares during the period. Groupe la Francaise acquired a new position in Darling Ingredients in the first quarter valued at about $339,000. Finally, Dayah Capital LLC increased its holdings in shares of Darling Ingredients by 195.0% in the first quarter. Dayah Capital LLC now owns 54,605 shares of the company’s stock worth $3,377,000 after acquiring an additional 36,097 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.