Darling Ingredients Inc. (NYSE:DAR) Given Consensus Rating of “Buy” by Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $69.00.

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. BMO Capital Markets upped their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday. UBS Group upped their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group upped their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th.

Darling Ingredients Stock Down 0.0%

Shares of DAR stock opened at $62.35 on Monday. The stock has a market cap of $9.91 billion, a P/E ratio of 45.18 and a beta of 1.07. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $66.02. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $59.81 and its two-hundred day simple moving average is $47.07.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) EPS. Analysts predict that Darling Ingredients will post 4.68 EPS for the current fiscal year.

Insider Activity

In other news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Darling Ingredients

Several hedge funds have recently made changes to their positions in the business. Danske Bank A S bought a new position in Darling Ingredients during the 3rd quarter valued at about $25,000. Allworth Financial LP grew its holdings in Darling Ingredients by 227.2% during the 4th 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. SJS Investment Consulting Inc. grew its holdings in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in Darling Ingredients during the 4th quarter valued at about $35,000. 94.44% of the stock is currently owned by hedge funds and other 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.