Darling Ingredients Inc. (NYSE:DAR) Given Consensus Rating of “Moderate Buy” by Analysts

Darling Ingredients Inc. (NYSE:DAR) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.5714.

A number of research firms recently weighed in on DAR. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Robert W. Baird reissued a “neutral” rating and issued a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Piper Sandler decreased their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, July 28th. Baird R W lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Darling Ingredients in a report on Wednesday, August 20th. They issued an “overweight” rating and a $43.00 price target on the stock.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $31.43 on Friday. The firm’s 50 day simple moving average is $32.11 and its 200 day simple moving average is $32.95. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.97 billion, a PE ratio of 47.62 and a beta of 1.22. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $43.49.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. As a group, analysts expect that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insider Activity at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC grew its holdings in shares of Darling Ingredients by 26.3% during the 2nd quarter. Corient Private Wealth LLC now owns 10,464 shares of the company’s stock valued at $397,000 after purchasing an additional 2,177 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Darling Ingredients by 93.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,670 shares of the company’s stock valued at $2,757,000 after purchasing an additional 35,079 shares during the last quarter. Marex Group plc purchased a new stake in Darling Ingredients during the 2nd quarter valued at $1,925,000. Caxton Associates LLP purchased a new stake in Darling Ingredients during the 2nd quarter valued at $210,000. Finally, Man Group plc boosted its position in Darling Ingredients by 116.1% during the 2nd quarter. Man Group plc now owns 500,734 shares of the company’s stock valued at $18,998,000 after buying an additional 269,037 shares during the period. Institutional investors 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.