Darling Ingredients (NYSE:DAR) Lifted to Buy at Citigroup

Citigroup upgraded shares of Darling Ingredients (NYSE:DARFree Report) from a neutral rating to a buy rating in a report published on Wednesday, MarketBeat.com reports. The brokerage currently has $48.00 price target on the stock.

Several other research firms also recently issued reports on DAR. BMO Capital Markets cut their price objective on Darling Ingredients from $60.00 to $57.00 and set an outperform rating on the stock in a report on Thursday, February 29th. Scotiabank cut their price target on shares of Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an overweight rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus lowered their price objective on shares of Darling Ingredients from $90.00 to $85.00 and set a buy rating on the stock in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $68.45.

Read Our Latest Stock Report on Darling Ingredients

Darling Ingredients Stock Down 3.1 %

NYSE DAR opened at $35.52 on Wednesday. The company has a market capitalization of $5.68 billion, a P/E ratio of 10.63 and a beta of 1.26. Darling Ingredients has a 12 month low of $34.83 and a 12 month high of $71.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 0.96. The company’s 50 day simple moving average is $42.18 and its 200 day simple moving average is $44.07.

Darling Ingredients (NYSE:DARGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.22%. Darling Ingredients’s quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. Equities research analysts expect that Darling Ingredients will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Darling Ingredients by 14.7% during the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after buying an additional 247 shares during the last quarter. Signaturefd LLC raised its position in Darling Ingredients by 34.2% during the fourth quarter. Signaturefd LLC now owns 1,079 shares of the company’s stock valued at $54,000 after acquiring an additional 275 shares in the last quarter. Caprock Group LLC lifted its stake in Darling Ingredients by 4.3% in the first quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock valued at $311,000 after acquiring an additional 277 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Darling Ingredients by 6.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,596 shares of the company’s stock worth $229,000 after acquiring an additional 278 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Darling Ingredients by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 73,850 shares of the company’s stock worth $3,855,000 after purchasing an additional 279 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

About Darling Ingredients

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Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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