Darling Ingredients Inc. (NYSE:DAR) Stock Has Consensus Price Target of $72.40 According to Analysts

Darling Ingredients Inc. (NYSE:DAR) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $72.80.

A number of analysts recently weighed in on the company. Barclays boosted their target price on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. TD Cowen upped their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th.

Darling Ingredients Trading Up 1.4%

NYSE DAR opened at $61.11 on Thursday. The stock’s 50-day simple moving average is $63.68 and its two-hundred day simple moving average is $61.16. Darling Ingredients has a twelve month low of $29.15 and a twelve month high of $69.98. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 16.47 and a beta of 1.04.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $1.01. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Research analysts forecast that Darling Ingredients will post 7.05 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In related news, EVP Nicholas Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This trade represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the sale, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,591 shares of company stock worth $704,303 over the last 90 days. Company 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. SJS Investment Consulting Inc. increased its position in shares of Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Darling Ingredients during the fourth quarter valued at $36,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Darling Ingredients during the 1st quarter valued at about $47,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Darling Ingredients in the second quarter worth approximately $53,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Darling Ingredients by 2,474.3% in the third quarter. Elevation Wealth Partners LLC now owns 901 shares of the company’s stock worth $55,000 after buying an additional 866 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.