Darling Ingredients (NYSE:DAR) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Darling Ingredients (NYSE:DARGet Rating) from a buy rating to a hold rating in a report published on Tuesday.

A number of other research analysts have also recently issued reports on DAR. Credit Suisse Group boosted their price objective on shares of Darling Ingredients from $100.00 to $115.00 and gave the company an outperform rating in a report on Monday, March 14th. Zacks Investment Research upgraded shares of Darling Ingredients from a hold rating to a buy rating and set a $91.00 price objective for the company in a report on Tuesday. Piper Sandler decreased their price objective on shares of Darling Ingredients from $107.00 to $97.00 in a report on Tuesday, January 25th. Raymond James upped their price target on shares of Darling Ingredients from $100.00 to $105.00 and gave the company a strong-buy rating in a report on Wednesday, March 2nd. Finally, Roth Capital reiterated a buy rating on shares of Darling Ingredients in a report on Monday, March 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $98.22.

DAR opened at $82.68 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.45 and a quick ratio of 0.84. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 21.25 and a beta of 1.11. The firm has a 50 day simple moving average of $74.54 and a 200 day simple moving average of $71.74. Darling Ingredients has a fifty-two week low of $58.70 and a fifty-two week high of $85.98.

Darling Ingredients (NYSE:DARGet Rating) last posted its quarterly earnings results on Monday, February 28th. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.21 billion. Darling Ingredients had a net margin of 13.73% and a return on equity of 20.29%. Darling Ingredients’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, analysts expect that Darling Ingredients will post 5.28 EPS for the current year.

In other Darling Ingredients news, EVP John Bullock sold 720 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $79.03, for a total transaction of $56,901.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rick A. Elrod sold 54,413 shares of the company’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $76.04, for a total transaction of $4,137,564.52. The disclosure for this sale can be found here. Insiders have sold 61,005 shares of company stock valued at $4,679,904 in the last 90 days. 2.62% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. DeDora Capital Inc. bought a new position in shares of Darling Ingredients in the first quarter valued at about $26,000. Ellevest Inc. raised its position in shares of Darling Ingredients by 362.7% in the fourth quarter. Ellevest Inc. now owns 384 shares of the company’s stock valued at $27,000 after purchasing an additional 301 shares during the period. Toronto Dominion Bank bought a new position in shares of Darling Ingredients in the third quarter valued at about $41,000. Covestor Ltd bought a new position in shares of Darling Ingredients in the fourth quarter valued at about $41,000. Finally, Whittier Trust Co. bought a new position in shares of Darling Ingredients in the third quarter valued at about $42,000. 91.78% of the stock is currently owned by institutional investors.

About Darling Ingredients (Get Rating)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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.

Recommended Stories

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.