Robert W. Baird Issues Pessimistic Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price target decreased by equities researchers at Robert W. Baird from $51.00 to $41.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 39.98% from the stock’s current price.

DAR has been the topic of several other research reports. Citigroup cut 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 restated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen reduced their price target on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Finally, StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $50.78.

Darling Ingredients Price Performance

Shares of DAR opened at $29.29 on Tuesday. The stock has a market capitalization of $4.63 billion, a PE ratio of 16.93 and a beta of 1.19. The company has a 50 day moving average price of $33.48 and a 200-day moving average price of $35.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $47.28.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Equities analysts predict that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sycomore Asset Management increased its stake in shares of Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock worth $4,743,000 after acquiring an additional 65,444 shares during the period. KBC Group NV raised its stake in shares of Darling Ingredients by 180.1% during the 4th quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after buying an additional 66,966 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Darling Ingredients in the fourth quarter worth about $735,000. Assenagon Asset Management S.A. raised its position in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Darling Ingredients in the fourth quarter valued at approximately $13,769,000. 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.