Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Darling Ingredients Inc. (NYSE:DAR) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $45.6250.

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Tuesday, December 2nd. Bank of America began coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently modified their holdings of the business. Simplicity Wealth LLC bought a new position in Darling Ingredients in the fourth quarter valued at approximately $259,000. Torren Management LLC acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $50,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Darling Ingredients by 44.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,828 shares of the company’s stock valued at $174,000 after buying an additional 1,495 shares in the last quarter. M&T Bank Corp increased its holdings in Darling Ingredients by 93.6% during the fourth quarter. M&T Bank Corp now owns 13,247 shares of the company’s stock worth $477,000 after buying an additional 6,406 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Darling Ingredients by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after acquiring an additional 512,219 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $45.65 on Friday. The firm has a fifty day moving average of $37.85 and a two-hundred day moving average of $34.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 68.14, a PEG ratio of 0.55 and a beta of 1.25. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $47.26.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $1.40 billion for the quarter. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%. As a group, equities research analysts predict that Darling Ingredients will post 2.81 EPS for the current year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.