Darling Ingredients (NYSE:DAR) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Darling Ingredients (NYSE:DAR) from a buy rating to a hold rating in a report issued on Sunday.

A number of other equities research analysts have also commented on DAR. Piper Sandler raised their price objective on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Jefferies Financial Group reissued a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. BMO Capital Markets increased their price objective on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Scotiabank restated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.60.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $55.09 on Friday. The company’s fifty day moving average is $49.06 and its two-hundred day moving average is $39.14. The company has a market cap of $8.74 billion, a P/E ratio of 141.26, a price-to-earnings-growth ratio of 0.43 and a beta of 1.24. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $57.96. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The business had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. Equities analysts expect that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares in the company, valued at $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DAR. Allworth Financial LP grew its holdings 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 last quarter. Litman Gregory Wealth Management LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter worth $29,000. Danske Bank A S bought a new stake in shares of Darling Ingredients during the 3rd quarter worth $25,000. Sound Income Strategies LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients in the 4th quarter valued at $35,000. 94.44% of the stock is owned by institutional investors.

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.