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

StockNews.com lowered shares of Darling Ingredients (NYSE:DAR – Get 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:DAR – Get 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.

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