Darling Ingredients Inc. (NYSE:DAR) Receives $43.25 Consensus Price Target from Brokerages

Darling Ingredients Inc. (NYSE:DAR) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $45.00.

DAR has been the subject of several research reports. Jefferies Financial Group increased their price objective on Darling Ingredients from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. began coverage on Darling Ingredients in a report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price objective on the stock. Bank of America began coverage on Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. Robert W. Baird reissued a “neutral” rating and set a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Piper Sandler dropped their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, October 24th.

Darling Ingredients Stock Down 1.3%

DAR stock opened at $33.38 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 49.82, a PEG ratio of 2.22 and a beta of 1.22. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The stock has a fifty day moving average of $32.24 and a 200-day moving average of $33.24.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts predict that Darling Ingredients will post 2.81 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

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

Hedge Funds Weigh In On Darling Ingredients

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after buying an additional 73,925 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of Darling Ingredients by 18.7% during the 1st quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock valued at $247,282,000 after buying an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Darling Ingredients by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock valued at $233,701,000 after buying an additional 1,026,958 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Darling Ingredients by 0.9% during the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock valued at $127,535,000 after buying an additional 36,085 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Darling Ingredients by 1.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock valued at $140,118,000 after buying an additional 35,309 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

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.