Darling Ingredients Inc. (NYSE:DAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $55.60.

DAR has been the subject of several recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. BMO Capital Markets upped their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wall Street Zen lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday.

Insider Activity

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its position in Darling Ingredients by 45.3% during the fourth quarter. Hsbc Holdings PLC now owns 10,475 shares of the company’s stock worth $377,000 after buying an additional 3,268 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Darling Ingredients by 64.1% in the 4th quarter. Corient Private Wealth LLC now owns 14,974 shares of the company’s stock valued at $539,000 after acquiring an additional 5,847 shares in the last quarter. Invesco Ltd. raised its holdings in Darling Ingredients by 32.8% in the 4th quarter. Invesco Ltd. now owns 964,452 shares of the company’s stock valued at $34,720,000 after acquiring an additional 238,138 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Darling Ingredients by 11.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 53,345 shares of the company’s stock valued at $1,920,000 after acquiring an additional 5,665 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Darling Ingredients during the 4th quarter valued at $431,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Down 3.0%

Shares of DAR opened at $55.09 on Friday. The firm has a market cap of $8.74 billion, a P/E ratio of 141.26, a price-to-earnings-growth ratio of 0.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $57.96. The firm’s 50-day simple moving average is $49.06 and its 200 day simple moving average is $39.09.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. On average, analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current year.

About Darling Ingredients

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.