Darling Ingredients Inc. (NYSE:DAR) Receives $55.60 Consensus PT from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $57.90.

DAR has been the subject of a number of recent research reports. Wall Street Zen lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Robert W. Baird set a $64.00 price target on Darling Ingredients in a research note on Friday, February 13th. Piper Sandler boosted their price objective on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. TD Cowen increased their price objective on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $59.26 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The stock has a market cap of $9.41 billion, a PE ratio of 151.94, a PEG ratio of 0.44 and a beta of 1.24. The company’s fifty day moving average is $50.91 and its 200 day moving average is $40.01. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $61.25.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion during the quarter. Research analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds have recently modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Darling Ingredients during the third quarter worth about $25,000. Allworth Financial LP grew its stake in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Darling Ingredients during the 3rd quarter valued at about $29,000. Litman Gregory Wealth Management LLC purchased a new position in Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in Darling Ingredients during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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.