Darling Ingredients Inc. (NYSE:DAR) Receives Average Rating of “Moderate Buy” from Brokerages

Darling Ingredients Inc. (NYSE:DAR) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.44.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. TD Cowen reduced their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Piper Sandler dropped their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DAR. BNP Paribas Financial Markets grew its stake in shares of Darling Ingredients by 34.8% during the first quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock worth $5,340,000 after acquiring an additional 29,660 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in Darling Ingredients by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 139,516 shares of the company’s stock valued at $6,489,000 after purchasing an additional 1,763 shares in the last quarter. Manchester Capital Management LLC raised its holdings in shares of Darling Ingredients by 31,754.5% in the first quarter. Manchester Capital Management LLC now owns 3,504 shares of the company’s stock worth $163,000 after buying an additional 3,493 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Darling Ingredients by 23.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,404 shares of the company’s stock worth $484,000 after buying an additional 1,960 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Darling Ingredients during the first quarter valued at $457,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $42.01 on Thursday. The company’s 50-day moving average price is $37.59 and its 200-day moving average price is $38.63. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.68 billion, a PE ratio of 25.93 and a beta of 1.23. Darling Ingredients has a twelve month low of $32.67 and a twelve month high of $51.36.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities research analysts forecast that Darling Ingredients will post 1.88 EPS for the current fiscal year.

Darling Ingredients Company Profile

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.