Darling Ingredients (NYSE:DAR) Rating Lowered to “Hold” at Wall Street Zen

Darling Ingredients (NYSE:DAR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Piper Sandler boosted their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. TD Cowen upped their price target on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price objective on shares of Darling Ingredients in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Stock Performance

NYSE:DAR opened at $55.09 on Friday. The stock has a fifty day moving average price of $49.06 and a 200-day moving average price of $39.09. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 141.26, a PEG 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 fifty-two week low of $26.00 and a fifty-two week high of $57.96.

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

Insider Buying and Selling

In other news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated Friday, March 6th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in DAR. Goldman Sachs Group Inc. grew its stake in shares of Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after buying an additional 93,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Darling Ingredients by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after acquiring an additional 58,925 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Darling Ingredients during the 1st quarter valued at $205,000. PNC Financial Services Group Inc. grew its position in Darling Ingredients by 18.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,613 shares of the company’s stock worth $516,000 after acquiring an additional 2,163 shares during the last quarter. Finally, Creative Planning grew its position in Darling Ingredients by 39.6% during the 2nd quarter. Creative Planning now owns 19,511 shares of the company’s stock worth $740,000 after acquiring an additional 5,533 shares during the last quarter. 94.44% of the stock is 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.