Darling Ingredients (NYSE:DAR) Price Target Cut to $44.00

Darling Ingredients (NYSE:DARGet Free Report) had its target price decreased by investment analysts at Jefferies Financial Group from $47.00 to $44.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 20.32% from the stock’s previous close.

DAR has been the subject of several other reports. Citigroup upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, June 12th. Scotiabank decreased their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, TD Cowen decreased their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

Get Our Latest Analysis on DAR

Darling Ingredients Trading Down 2.3 %

Shares of NYSE DAR opened at $36.57 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57. Darling Ingredients has a 52-week low of $32.67 and a 52-week high of $51.36. The firm has a 50 day moving average price of $37.75 and a two-hundred day moving average price of $39.64. The stock has a market cap of $5.84 billion, a P/E ratio of 10.95 and a beta of 1.24.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue was down 17.2% on a year-over-year basis. As a group, equities analysts forecast that Darling Ingredients will post 2.45 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average cost of $39.37 per share, with a total value of $99,684.84. Following the completion of the purchase, the executive vice president now owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of Darling Ingredients in the first quarter valued at $25,000. GAMMA Investing LLC lifted its position in shares of Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Riverview Trust Co purchased a new position in Darling Ingredients during the first quarter worth about $55,000. V Square Quantitative Management LLC boosted its holdings in Darling Ingredients by 56.9% during the fourth quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after purchasing an additional 724 shares during the last quarter. Finally, Quarry LP boosted its holdings in Darling Ingredients by 893.8% during the second quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after purchasing an additional 2,324 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

About Darling Ingredients

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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