Darling Ingredients Inc. (NYSE:DAR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $45.3333.

DAR has been the topic of several recent analyst reports. Piper Sandler dropped their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating and upped their price objective for the company from $34.00 to $45.00 in a research note on Tuesday, December 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DAR. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Darling Ingredients by 10.0% in the first quarter. Federation des caisses Desjardins du Quebec now owns 42,500 shares of the company’s stock valued at $1,328,000 after acquiring an additional 3,862 shares during the period. AQR Capital Management LLC raised its position in Darling Ingredients by 548.4% in the 1st quarter. AQR Capital Management LLC now owns 635,351 shares of the company’s stock valued at $19,588,000 after purchasing an additional 537,356 shares during the last quarter. Teza Capital Management LLC boosted its stake in Darling Ingredients by 11.6% during the 1st quarter. Teza Capital Management LLC now owns 16,364 shares of the company’s stock worth $511,000 after purchasing an additional 1,697 shares during the period. Goldman Sachs Group Inc. boosted its stake in Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after purchasing an additional 93,408 shares during the period. Finally, Sciencast Management LP purchased a new position in Darling Ingredients during the 1st quarter worth $359,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 2.0%

Darling Ingredients stock opened at $39.07 on Tuesday. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $42.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87. The stock has a market cap of $6.18 billion, a PE ratio of 58.31, a P/E/G ratio of 0.42 and a beta of 1.25. The stock’s fifty day moving average is $35.33 and its two-hundred day moving average is $34.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $0.11 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Darling Ingredients will post 2.81 EPS for the current fiscal year.

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.