Darling Ingredients Inc. (NYSE:DAR) Receives Average Rating of “Buy” from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have received an average rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $46.00.

A number of analysts recently weighed in on DAR shares. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. Citigroup lowered their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Robert W. Baird lowered their target price on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. Finally, TD Cowen lowered their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research note on Friday, April 25th.

Darling Ingredients Stock Down 0.3%

DAR stock opened at $38.52 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 0.84. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The firm’s 50-day simple moving average is $32.65 and its 200 day simple moving average is $33.83. The stock has a market cap of $6.09 billion, a PE ratio of 36.00 and a beta of 1.18.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data 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 3.78% and a net margin of 3.02%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Darling Ingredients will post 2.81 EPS for the current year.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds have recently made changes to their positions in DAR. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Darling Ingredients in the 1st quarter worth approximately $30,000. Hexagon Capital Partners LLC grew its stake in shares of Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares during the last quarter. UMB Bank n.a. grew 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 purchasing an additional 1,373 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.