Darling Ingredients (NYSE:DAR) Stock Gets Downgrade from Wall Street Zen

Darling Ingredients (NYSE:DAR) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on DAR. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Jefferies Financial Group raised shares of Darling Ingredients to a “strong-buy” rating in a research note on Tuesday, September 29th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Stephens reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Darling Ingredients in a research report on Thursday, October 15th. Finally, TD Cowen boosted their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.80.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $55.69 on Friday. Darling Ingredients has a one year low of $31.48 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 10.59 and a beta of 1.04. The company has a 50-day simple moving average of $62.11 and a 200-day simple moving average of $58.20.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business posted $0.12 EPS. On average, analysts predict that Darling Ingredients will post 6.88 EPS for the current year.

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer directly owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicholas Kemphaus sold 1,591 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,591 shares of company stock valued at $704,303 over the last 90 days. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

A number of institutional investors have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC boosted its position in Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after purchasing an additional 196 shares during the last quarter. Krilogy Financial LLC grew its holdings in Darling Ingredients by 3.3% during the 3rd quarter. Krilogy Financial LLC now owns 6,661 shares of the company’s stock worth $407,000 after acquiring an additional 213 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Darling Ingredients by 3.3% in the second quarter. HB Wealth Management LLC now owns 8,487 shares of the company’s stock valued at $464,000 after acquiring an additional 269 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in shares of Darling Ingredients by 35.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after purchasing an additional 270 shares in the last quarter. Finally, Waverly Advisors LLC lifted its stake in Darling Ingredients by 5.8% in the second quarter. Waverly Advisors LLC now owns 5,769 shares of the company’s stock valued at $315,000 after buying an additional 317 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.