Darling Ingredients (NYSE:DAR) Rating Increased to Strong-Buy at Zacks Research

Darling Ingredients (NYSE:DAR) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms also recently weighed in on DAR. Jefferies Financial Group lifted their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group increased their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Scotiabank raised their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Stephens boosted their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird upped their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.45.

Darling Ingredients Trading Down 0.8%

DAR opened at $52.79 on Monday. The stock’s fifty day moving average is $59.56 and its two-hundred day moving average is $51.58. The company has a market capitalization of $8.39 billion, a P/E ratio of 38.25 and a beta of 1.02. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the business earned ($0.16) EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts forecast that Darling Ingredients will post 4.68 earnings per share for the current year.

Insider Activity at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DAR. Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients by 4.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock valued at $43,552,000 after acquiring an additional 56,662 shares during the period. Fisher Asset Management LLC lifted its position in Darling Ingredients by 94.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock worth $2,329,000 after acquiring an additional 36,593 shares during the period. Fideuram Asset Management Ireland dac acquired a new stake in Darling Ingredients during the 4th quarter worth about $585,000. JPMorgan Chase & Co. grew its stake in Darling Ingredients by 75.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 601,263 shares of the company’s stock valued at $18,561,000 after purchasing an additional 258,942 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Darling Ingredients by 134.4% during the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after purchasing an additional 247,311 shares during the last quarter. 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.