Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Darling Ingredients Inc. (NYSE:DAR) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $53.44.

DAR has been the topic of several research reports. JPMorgan Chase & Co. boosted 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. 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 report on Friday, October 11th. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $40.53 on Monday. The business’s fifty day moving average price is $38.89 and its two-hundred day moving average price is $38.35. Darling Ingredients has a 1-year low of $32.67 and a 1-year high of $51.36. The firm has a market capitalization of $6.45 billion, a PE ratio of 25.02 and a beta of 1.23. 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 (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The company’s revenue was down 12.5% on a year-over-year basis. On average, research analysts expect that Darling Ingredients will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its position in Darling Ingredients by 47.3% during the third quarter. Tidal Investments LLC now owns 20,049 shares of the company’s stock valued at $745,000 after purchasing an additional 6,442 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Darling Ingredients by 70.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,835 shares of the company’s stock worth $595,000 after purchasing an additional 6,151 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Darling Ingredients by 7.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company’s stock valued at $311,000 after buying an additional 564 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Darling Ingredients by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after buying an additional 36,618 shares in the last quarter. Finally, MidWestOne Financial Group Inc. increased its holdings in Darling Ingredients by 48.7% in the third quarter. MidWestOne Financial Group Inc. now owns 46,367 shares of the company’s stock worth $1,723,000 after buying an additional 15,182 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

About Darling Ingredients

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.