Darling Ingredients Inc. (NYSE:DAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $69.00.

Several research firms have weighed in on DAR. TD Cowen upped their price objective on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. BMO Capital Markets increased their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. UBS Group increased their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Scotiabank increased their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd.

Darling Ingredients Stock Performance

DAR opened at $60.77 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average price is $61.08 and its two-hundred day moving average price is $49.68. Darling Ingredients has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 44.03 and a beta of 1.02.

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

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Darling Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in Darling Ingredients by 4.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock valued at $43,552,000 after buying an additional 56,662 shares during the period. Fisher Asset Management LLC grew its position in Darling Ingredients by 94.2% during the third quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after buying an additional 36,593 shares during the period. JPMorgan Chase & Co. grew its position in Darling Ingredients by 75.6% during the third quarter. JPMorgan Chase & Co. now owns 601,263 shares of the company’s stock valued at $18,561,000 after buying an additional 258,942 shares during the period. Fideuram Asset Management Ireland dac bought a new position in Darling Ingredients during the fourth quarter valued at about $585,000. Finally, Citigroup Inc. grew its position in Darling Ingredients by 134.4% during the third quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after buying an additional 247,311 shares during the period. Hedge funds and other institutional investors 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.