Darling Ingredients (NYSE:DAR) Sets New 1-Year High After Analyst Upgrade

Darling Ingredients Inc. (NYSE:DAR)’s share price hit a new 52-week high during trading on Tuesday after Robert W. Baird upgraded the stock from a hold rating to an outperform rating. Robert W. Baird now has a $62.00 price target on the stock. Darling Ingredients traded as high as $47.82 and last traded at $47.3860, with a volume of 3399583 shares changing hands. The stock had previously closed at $45.66.

DAR has been the topic of several other research reports. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research note on Monday, November 3rd. 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 report on Friday, October 24th. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Bank of America started coverage on Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.88.

Institutional Trading of Darling Ingredients

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

Darling Ingredients Trading Up 0.1%

The stock has a 50-day moving average price of $38.60 and a two-hundred day moving average price of $34.68. The stock has a market capitalization of $7.58 billion, a PE ratio of 71.51, a PEG ratio of 0.56 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.

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

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.