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

Darling Ingredients Inc. (NYSE:DAR) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $53.44.

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler dropped their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, TD Cowen lowered their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th.

Institutional Investors Weigh In On Darling Ingredients

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Darling Ingredients by 52.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after purchasing an additional 1,800,809 shares during the last quarter. Paloma Partners Management Co lifted its stake in Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after purchasing an additional 838,047 shares during the last quarter. Erste Asset Management GmbH bought a new position in Darling Ingredients during the third quarter worth about $30,545,000. ING Groep NV increased its position in Darling Ingredients by 244.1% during the third quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after buying an additional 574,700 shares during the last quarter. Finally, FMR LLC raised its stake in Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Down 1.1 %

Darling Ingredients stock opened at $33.34 on Friday. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 20.58 and a beta of 1.19. The company’s 50 day simple moving average is $38.46 and its 200 day simple moving average is $37.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients has a fifty-two week low of $32.55 and a fifty-two week high of $51.12.

Darling Ingredients (NYSE:DAR) last released 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 firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. Darling Ingredients’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 EPS. As a group, sell-side analysts anticipate that Darling Ingredients will post 1.88 EPS for the current year.

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.