Darling Ingredients Inc. (NYSE:DAR) Given Consensus Rating of “Buy” by Analysts

Darling Ingredients Inc. (NYSE:DAR – Get Rating) has been assigned an average rating of “Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $96.30.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group raised their target price on shares of Darling Ingredients from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, March 14th. Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Cowen started coverage on shares of Darling Ingredients in a report on Monday, April 25th. They set a “market perform” rating and a $80.00 price objective for the company. Cowen started coverage on shares of Darling Ingredients in a report on Monday, April 25th. They set a “market perform” rating and a $80.00 price objective for the company. Finally, Piper Sandler decreased their price objective on shares of Darling Ingredients from $107.00 to $97.00 in a report on Tuesday, January 25th.

In other news, EVP John Bullock sold 5,872 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $82.67, for a total value of $485,438.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rick A. Elrod sold 54,413 shares of Darling Ingredients stock in a transaction that occurred 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. In the last ninety days, insiders sold 78,092 shares of company stock worth $5,982,105. Insiders own 2.62% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its stake in Darling Ingredients by 4.6% in the 4th quarter. Handelsbanken Fonder AB now owns 5,188,906 shares of the company’s stock worth $359,539,000 after purchasing an additional 227,466 shares in the last quarter. State Street Corp boosted its stake in Darling Ingredients by 4.8% in the 1st quarter. State Street Corp now owns 4,555,458 shares of the company’s stock worth $366,168,000 after purchasing an additional 208,659 shares in the last quarter. Marshall Wace LLP boosted its stake in Darling Ingredients by 1,257.1% in the 4th quarter. Marshall Wace LLP now owns 4,126,968 shares of the company’s stock worth $285,958,000 after purchasing an additional 3,822,875 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Darling Ingredients by 38.3% in the 4th quarter. Impax Asset Management Group plc now owns 4,044,181 shares of the company’s stock worth $279,274,000 after purchasing an additional 1,120,368 shares in the last quarter. Finally, Davis Selected Advisers lifted its stake in Darling Ingredients by 116.0% during the 3rd quarter. Davis Selected Advisers now owns 3,184,695 shares of the company’s stock valued at $228,980,000 after acquiring an additional 1,710,095 shares during the period. Institutional investors own 92.17% of the company’s stock.

DAR stock opened at $78.04 on Friday. The company has a fifty day simple moving average of $77.39 and a two-hundred day simple moving average of $71.70. The firm has a market capitalization of $12.60 billion, a P/E ratio of 18.90 and a beta of 1.11. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 0.48. Darling Ingredients has a 52 week low of $58.70 and a 52 week high of $87.43.

Darling Ingredients (NYSE:DAR – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. Darling Ingredients had a net margin of 13.58% and a return on equity of 20.76%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. As a group, analysts anticipate that Darling Ingredients will post 5.37 EPS for the current year.

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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