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

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned 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 a report on the stock in the last year is $55.60.

A number of equities analysts have commented on the stock. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research report on Monday, November 3rd. Robert W. Baird set a $64.00 target price on Darling Ingredients in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Scotiabank reissued an “outperform” rating and set a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th. Finally, 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.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Darling Ingredients during the fourth quarter worth approximately $94,211,000. No Street GP LP bought a new stake in shares of Darling Ingredients during the 3rd quarter valued at $69,458,000. Marshall Wace LLP grew its holdings in shares of Darling Ingredients by 973.3% during the 2nd quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock worth $56,989,000 after purchasing an additional 1,362,137 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Darling Ingredients by 66.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after purchasing an additional 1,320,817 shares in the last quarter. Finally, Harspring Capital Management LLC bought a new position in shares of Darling Ingredients in the second quarter worth $31,680,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of DAR opened at $52.65 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.86 and a quick ratio of 0.87. The firm has a 50-day moving average of $42.53 and a 200-day moving average of $36.38. The company has a market cap of $8.33 billion, a PE ratio of 134.99, a price-to-earnings-growth ratio of 0.53 and a beta of 1.27. Darling Ingredients has a one year low of $26.00 and a one year high of $52.88.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. The business had revenue of $1.71 billion during the quarter. As a group, equities 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.