Darling Ingredients (NYSE:DAR) Upgraded by Robert W. Baird to Outperform Rating

Robert W. Baird upgraded shares of Darling Ingredients (NYSE:DAR) from a hold rating to an outperform rating in a report published on Monday morning, MarketBeat reports. Robert W. Baird currently has $62.00 price objective on the stock.

A number of other research analysts have also recently commented on DAR. Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.88.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $47.39 on Monday. The stock has a market cap of $7.50 billion, a P/E ratio of 70.73, a P/E/G ratio of 0.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The stock’s fifty day moving average is $38.12 and its 200 day moving average is $34.50. Darling Ingredients has a one year low of $26.00 and a one year high of $47.82.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The firm had revenue of $1.40 billion during the quarter. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%. Sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Montag A & Associates Inc. grew its position in shares of Darling Ingredients by 111.6% during the 4th quarter. Montag A & Associates Inc. now owns 2,835 shares of the company’s stock worth $102,000 after buying an additional 1,495 shares in the last quarter. Davis Selected Advisers grew its holdings in Darling Ingredients by 15.8% during the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after acquiring an additional 388,366 shares in the last quarter. Simplicity Wealth LLC purchased a new position in Darling Ingredients during the 4th quarter valued at about $259,000. Torren Management LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $50,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Darling Ingredients by 44.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,828 shares of the company’s stock valued at $174,000 after purchasing an additional 1,495 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

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.