Brokerages Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $46.14

Darling Ingredients Inc. (NYSE:DAR) has been given an average rating of “Buy” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.14.

DAR has been the topic of a number of research reports. Robert W. Baird lowered their price target on Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Citigroup cut their target price on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Tudor Pickering upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Finally, Jefferies Financial Group raised their target price on Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, July 7th.

Darling Ingredients Price Performance

DAR stock opened at $35.85 on Tuesday. The business has a fifty day moving average of $35.28 and a two-hundred day moving average of $34.26. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 33.50 and a beta of 1.23. Darling Ingredients has a 52-week low of $26.00 and a 52-week high of $43.49.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of DAR. Heck Capital Advisors LLC bought a new position in Darling Ingredients in the fourth quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Darling Ingredients during the first quarter worth $30,000. Hexagon Capital Partners LLC boosted its position in shares of Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after purchasing an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

About Darling Ingredients

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.