Citigroup Cuts Darling Ingredients (NYSE:DAR) Price Target to $44.00

Darling Ingredients (NYSE:DAR) had its price target trimmed by Citigroup from $45.00 to $44.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

DAR has been the topic of several other research reports. StockNews.com downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. TD Cowen reduced their target price on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Robert W. Baird reduced their price objective on Darling Ingredients from $51.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.78.

Darling Ingredients Stock Up 3.1 %

Shares of NYSE:DAR opened at $30.71 on Tuesday. The firm has a market capitalization of $4.86 billion, a PE ratio of 17.75 and a beta of 1.19. The business has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $35.80. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $47.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in Darling Ingredients during the fourth quarter valued at about $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 buying an additional 721 shares in the last quarter. UMB Bank n.a. grew its position in shares of Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after buying an additional 1,373 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Palouse Capital Management Inc. purchased a new stake in Darling Ingredients during the fourth quarter valued at approximately $86,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Company Profile

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.