Darling Ingredients Inc. (NYSE:DAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Darling Ingredients Inc. (NYSE:DAR) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $55.60.

A number of research analysts have weighed in on the company. Piper Sandler decreased their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen lowered their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Scotiabank cut their target price on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th.

Darling Ingredients Stock Performance

Shares of DAR opened at $39.38 on Thursday. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 24.31 and a beta of 1.23. Darling Ingredients has a 12 month low of $32.67 and a 12 month high of $51.36. The firm has a fifty day simple moving average of $37.52 and a 200 day simple moving average of $38.71. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Research analysts forecast that Darling Ingredients will post 1.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DAR. Blue Trust Inc. grew its position in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after purchasing an additional 288 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after buying an additional 310 shares in the last quarter. Signaturefd LLC grew its holdings in Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares in the last quarter. Guinness Atkinson Asset Management Inc increased its position in Darling Ingredients by 11.1% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 4,960 shares of the company’s stock worth $184,000 after buying an additional 496 shares during the period. Finally, Invesco LLC boosted its position in shares of Darling Ingredients by 10.0% in the first quarter. Invesco LLC now owns 5,556 shares of the company’s stock valued at $258,000 after acquiring an additional 507 shares during the period. 94.44% of the stock is owned by 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.