Darling Ingredients (NYSE:DAR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Darling Ingredients (NYSE:DAR) from a buy rating to a strong-buy rating in a research note published on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Scotiabank raised their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. TD Cowen lifted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Stephens boosted their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Barclays raised their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $67.50 on Friday. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 18.19 and a beta of 1.02. 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 business has a 50-day simple moving average of $59.11 and a 200 day simple moving average of $57.77. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $67.95.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm posted $0.08 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. On average, research analysts forecast that Darling Ingredients will post 6.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Nicholas James 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, Director Charles L. Adair purchased 1,000 shares of the stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the purchase, the director directly owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AIA Group Ltd purchased a new position in Darling Ingredients in the 1st quarter worth approximately $4,453,000. Fideuram Asset Management Ireland dac bought a new position in shares of Darling Ingredients in the fourth quarter worth approximately $585,000. BNP Paribas Financial Markets grew its holdings in shares of Darling Ingredients by 26.8% in the fourth quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after purchasing an additional 277,233 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Darling Ingredients by 28.3% in the fourth quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock worth $18,677,000 after purchasing an additional 114,397 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Darling Ingredients by 7,554.6% in the first quarter. Strs Ohio now owns 286,740 shares of the company’s stock worth $17,735,000 after buying an additional 282,994 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Company Profile

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.