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

Wall Street Zen downgraded shares of Darling Ingredients (NYSE:DAR) from a strong-buy rating to a buy rating in a report issued on Saturday.

Other equities research analysts have also recently issued reports about the stock. Stephens upped their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. TD Cowen upped their price objective on shares of Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, May 4th. 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 note on Thursday, April 2nd. Robert W. Baird upped their target price on shares of Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Scotiabank upped their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $69.00.

Darling Ingredients Trading Down 0.7%

Darling Ingredients stock opened at $62.35 on Friday. The company’s fifty day simple moving average is $59.81 and its 200-day simple moving average is $46.98. The company has a quick ratio of 0.99, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. Darling Ingredients has a 12 month low of $29.15 and a 12 month high of $66.02. 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 (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company posted ($0.16) EPS. Darling Ingredients’s revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts forecast that Darling Ingredients will post 4.68 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value 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 trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds have recently bought and sold shares of DAR. Norges Bank acquired a new stake in Darling Ingredients in the fourth quarter worth $94,211,000. No Street GP LP acquired a new stake in shares of Darling Ingredients during the third quarter worth $69,458,000. Assenagon Asset Management S.A. raised its holdings in shares of Darling Ingredients by 72.9% during the first quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock worth $129,388,000 after acquiring an additional 882,185 shares during the period. Rubric Capital Management LP acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $24,510,000. Finally, Amundi raised its holdings in shares of Darling Ingredients by 177.7% during the fourth quarter. Amundi now owns 864,400 shares of the company’s stock worth $31,119,000 after acquiring an additional 553,081 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.