Darling Ingredients Inc. (NYSE:DAR) Stock Has Consensus Target Price of $73.80

Darling Ingredients Inc. (NYSE:DAR) has been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $73.80.

DAR has been the subject of several analyst reports. TD Cowen boosted their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Weiss Ratings upgraded Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. Jefferies Financial Group upgraded Darling Ingredients to a “strong-buy” rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st.

Darling Ingredients Stock Performance

NYSE:DAR opened at $52.18 on Monday. The company has a fifty day simple moving average of $61.50 and a two-hundred day simple moving average of $58.40. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 9.92 and a beta of 1.00. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. Darling Ingredients has a 52 week low of $31.62 and a 52 week high of $69.98.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.03). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. During the same quarter in the previous year, the business posted $0.12 earnings per share. As a group, equities analysts anticipate that Darling Ingredients will post 6.88 earnings per share for the current fiscal year.

Insider Activity at Darling Ingredients

In related news, EVP Nicholas Kemphaus sold 1,591 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the sale, the executive vice president owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC grew its position in Darling Ingredients by 4.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,960 shares of the company’s stock valued at $301,000 after buying an additional 190 shares during the last quarter. Krilogy Financial LLC raised its position in Darling Ingredients by 3.3% during the 3rd quarter. Krilogy Financial LLC now owns 6,661 shares of the company’s stock worth $407,000 after buying an additional 213 shares during the last quarter. HB Wealth Management LLC raised its position in Darling Ingredients by 3.3% during the 2nd quarter. HB Wealth Management LLC now owns 8,487 shares of the company’s stock worth $464,000 after buying an additional 269 shares during the last quarter. Basecamp Wealth Advisors LLC raised its position in Darling Ingredients by 35.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after buying an additional 270 shares during the last quarter. Finally, Waverly Advisors LLC lifted its stake in shares of Darling Ingredients by 5.8% in the 2nd quarter. Waverly Advisors LLC now owns 5,769 shares of the company’s stock worth $315,000 after acquiring an additional 317 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.