Robert W. Baird Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price objective increased by Robert W. Baird from $64.00 to $75.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the stock. Wall Street Zen downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Piper Sandler raised their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, TD Cowen lifted their price target on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $61.80.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $63.39 on Tuesday. The company’s fifty day simple moving average is $53.86 and its 200-day simple moving average is $41.59. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $64.90. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The company has a market cap of $10.06 billion, a PE ratio of 162.53, a P/E/G ratio of 0.48 and a beta of 1.08.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion for the quarter. As a group, equities research analysts anticipate that Darling Ingredients will post 2.81 EPS for the current year.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This trade represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after acquiring an additional 509 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients during the 4th quarter worth $29,000. Danske Bank A S acquired a new position in Darling Ingredients during the 3rd quarter worth $25,000. Sound Income Strategies LLC acquired a new position in Darling Ingredients during the 3rd quarter worth $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients during the 4th quarter worth $35,000. 94.44% of the stock is owned by institutional investors and hedge funds.

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.