Darling Ingredients (NYSE:DAR) Upgraded by Wall Street Zen to “Buy” Rating

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

DAR has been the topic of a number of other reports. TD Cowen upped their price target on Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Robert W. Baird set a $64.00 price objective on Darling Ingredients in a report on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and set a $61.00 target price on shares of Darling Ingredients in a research report on Tuesday, February 17th. JPMorgan Chase & Co. increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Trading Down 2.9%

DAR opened at $54.72 on Friday. The company has a fifty day moving average price of $47.23 and a two-hundred day moving average price of $38.31. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $57.35. The company has a market cap of $8.68 billion, a P/E ratio of 140.31, a price-to-earnings-growth ratio of 0.42 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. Analysts predict that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Insider Activity

In related news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Darling Ingredients

Several large investors have recently bought and sold shares of the stock. Danske Bank A S purchased a new position in Darling Ingredients during the 3rd quarter worth $25,000. Allworth Financial LP raised its holdings in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Darling Ingredients in the third quarter valued at about $29,000. Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients during the fourth quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in shares of Darling Ingredients during the fourth quarter valued at about $35,000. 94.44% of the stock is currently owned by institutional investors.

About Darling Ingredients

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.