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

Darling Ingredients Inc. (NYSE:DAR) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight 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 issued a report on the stock in the last year is $48.8750.

Several research analysts have recently commented on DAR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Piper Sandler lowered their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Robert W. Baird set a $62.00 price target on shares of Darling Ingredients and gave the company an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st.

Institutional Trading of Darling Ingredients

Several hedge funds have recently made changes to their positions in the stock. ASR Vermogensbeheer N.V. lifted its holdings in shares of Darling Ingredients by 7.8% in the third quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after buying an additional 38,855 shares during the period. Ninety One UK Ltd bought a new stake in Darling Ingredients in the third quarter worth about $12,484,000. Y Intercept Hong Kong Ltd lifted its holdings in Darling Ingredients by 37.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,219 shares of the company’s stock valued at $1,303,000 after acquiring an additional 11,533 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Darling Ingredients by 440.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,130 shares of the company’s stock valued at $1,825,000 after purchasing an additional 48,186 shares in the last quarter. Finally, NFC Investments LLC grew its stake in shares of Darling Ingredients by 7.8% in the 2nd quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock worth $18,134,000 after purchasing an additional 34,388 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

Shares of DAR stock opened at $47.91 on Friday. The firm has a fifty day moving average of $38.60 and a two-hundred day moving average of $34.68. The firm has a market cap of $7.58 billion, a P/E ratio of 71.51, a P/E/G ratio of 0.56 and a beta of 1.27. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $48.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.53 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%. As a group, research analysts anticipate that Darling Ingredients will post 2.81 earnings per share 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.