Analysts Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $67.82

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $68.7273.

Several research analysts recently weighed in on DAR shares. TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings raised Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, 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 research note on Monday, May 4th.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Darling Ingredients during the 4th quarter valued at $94,211,000. No Street GP LP purchased a new stake in Darling Ingredients during the 3rd quarter worth $69,458,000. Assenagon Asset Management S.A. increased its holdings in Darling Ingredients by 72.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock valued at $129,388,000 after purchasing an additional 882,185 shares in the last quarter. Rubric Capital Management LP purchased a new position in Darling Ingredients in the fourth quarter valued at about $24,510,000. Finally, Amundi lifted its stake in shares of Darling Ingredients by 177.7% during the fourth quarter. Amundi now owns 864,400 shares of the company’s stock worth $31,119,000 after purchasing an additional 553,081 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $60.46 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 43.81 and a beta of 1.04. Darling Ingredients has a one year low of $29.15 and a one year high of $66.02. The company has a 50 day moving average price of $58.43 and a 200 day moving average price of $55.52.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned ($0.16) EPS. Darling Ingredients’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Darling Ingredients will post 5.04 EPS for the current year.

About Darling Ingredients

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.