Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $52.75.

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.

Darling Ingredients Price Performance

NYSE:DAR opened at $29.54 on Wednesday. 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 stock’s 50 day moving average price is $36.13 and its two-hundred day moving average price is $37.03. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 17.07 and a beta of 1.25. Darling Ingredients has a 12-month low of $27.20 and a 12-month high of $48.39.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at $58,000. Farther Finance Advisors LLC boosted its holdings in shares of Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after purchasing an additional 758 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after purchasing an additional 687 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

About Darling Ingredients

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.