Analysts Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $52.75

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $52.75.

A number of analysts have recently weighed in on DAR shares. StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup decreased their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th.

Institutional Trading of Darling Ingredients

Several large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in Darling Ingredients in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB grew its stake in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after acquiring an additional 721 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Darling Ingredients during the third quarter valued at approximately $58,000. Farther Finance Advisors LLC raised its position in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after purchasing an additional 687 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Up 3.6 %

DAR stock opened at $29.54 on Wednesday. Darling Ingredients has a 1-year low of $27.20 and a 1-year high of $48.39. The business’s 50 day simple moving average is $36.23 and its 200 day simple moving average is $37.16. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.69 billion, a PE ratio of 17.07 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, research analysts anticipate that Darling Ingredients will post 2.81 EPS for the current year.

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.