Wall Street Zen Upgrades Darling Ingredients (NYSE:DAR) to “Buy”

Darling Ingredients (NYSE:DAR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on the company. Scotiabank reiterated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a research note on Tuesday, February 17th. Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. Piper Sandler increased their price objective on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. BMO Capital Markets lifted their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Price Performance

DAR opened at $54.72 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $47.23 and its 200 day moving average price is $38.28. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $57.35. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 140.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The business had revenue of $1.71 billion for the quarter. As a group, sell-side analysts expect that Darling Ingredients will post 2.81 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently modified their holdings of the stock. ASR Vermogensbeheer N.V. raised its position in shares of Darling Ingredients by 7.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock worth $16,557,000 after buying an additional 38,855 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Darling Ingredients by 94.2% in the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock worth $2,329,000 after acquiring an additional 36,593 shares during the period. Ninety One UK Ltd bought a new position in shares of Darling Ingredients in the third quarter valued at approximately $12,484,000. NFC Investments LLC boosted its holdings in shares of Darling Ingredients by 7.8% in the second quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock valued at $18,134,000 after acquiring an additional 34,388 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Darling Ingredients by 440.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,130 shares of the company’s stock valued at $1,825,000 after acquiring an additional 48,186 shares during the period. 94.44% of the stock is currently owned by institutional investors.

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.