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

Darling Ingredients (NYSE:DAR) had its target price hoisted by Jefferies Financial Group from $42.00 to $44.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. Robert W. Baird restated a “neutral” rating and issued a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Bank of America initiated coverage on Darling Ingredients in a research note on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price target on the stock. Baird R W downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Zacks Research downgraded Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Darling Ingredients Stock Down 0.4%

DAR stock opened at $34.53 on Friday. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $43.49. The business’s 50 day moving average price is $32.07 and its two-hundred day moving average price is $33.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 51.54, a price-to-earnings-growth ratio of 2.08 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.07% of the company’s stock.

Institutional Trading of Darling Ingredients

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after purchasing an additional 73,925 shares during the last quarter. Gates Capital Management Inc. boosted its stake in Darling Ingredients by 18.7% during the 1st quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock valued at $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Darling Ingredients by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock valued at $233,701,000 after purchasing an additional 1,026,958 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Darling Ingredients by 0.9% in the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock worth $127,535,000 after buying an additional 36,085 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Darling Ingredients by 1.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after buying an additional 35,309 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other 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.