Barclays Upgrades Darling Ingredients (NYSE:DAR) to “Hold”

Darling Ingredients (NYSE:DAR) was upgraded by analysts at Barclays to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. TD Cowen lifted their target price on shares of Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wall Street Zen cut Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird upped their price target on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Finally, Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $53.30 on Monday. Darling Ingredients has a 12 month low of $29.15 and a 12 month high of $66.02. The firm has a market capitalization of $8.47 billion, a P/E ratio of 38.62 and a beta of 1.02. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $59.73 and a two-hundred day simple moving average of $51.46.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) EPS. On average, equities analysts forecast that Darling Ingredients will post 4.68 earnings per share for the current fiscal year.

Insider Activity at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Danske Bank A S bought a new stake in shares of Darling Ingredients in the third quarter worth approximately $25,000. Allworth Financial LP lifted its position in Darling Ingredients by 227.2% during the fourth 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 period. SJS Investment Consulting Inc. lifted its position in Darling Ingredients by 69.9% during the first 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 period. Litman Gregory Wealth Management LLC purchased a new stake in Darling Ingredients in the fourth quarter worth approximately $29,000. Finally, Leonteq Securities AG purchased a new stake in Darling Ingredients in the fourth quarter worth approximately $35,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

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.