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

Darling Ingredients Inc. (NYSE:DAR) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $46.00.

A number of research firms have recently weighed in on DAR. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Robert W. Baird decreased their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, TD Cowen decreased their price target on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, April 25th.

Darling Ingredients Stock Down 0.5%

DAR opened at $31.54 on Monday. The firm has a 50 day moving average price of $31.55 and a 200 day moving average price of $34.81. The company has a market cap of $4.99 billion, a PE ratio of 18.23 and a beta of 1.25. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $43.49. 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 (NYSE:DAR) last released its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds have recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the fourth quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in Darling Ingredients during the 1st quarter valued at about $30,000. Wilmington Savings Fund Society FSB raised its position in shares of Darling Ingredients by 157.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after buying an additional 721 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Darling Ingredients by 33.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after buying an additional 500 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake 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 acquiring an additional 1,373 shares during the period. 94.44% of the stock is currently owned by institutional investors.

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.